AXISCADES Technologies Limited has approved the transfer of its Aerospace Engineering Services business to Akkodis Group for an aggregate consideration of USD 206.30 million. The transaction, approved by the Board on June 12, 2026, concludes the company's Engineering Services Divestment Programme and transforms AXISCADES from a services-led organization into a proprietary products and IP-focused manufacturing platform. The proceeds will fully fund the company's Power 930 growth plan, targeting approximately Rs 9,000 crore revenue and Rs 960 crore PAT by FY2030.

Transaction Structure

The deal is structured in two tranches. Akkodis will acquire a 51% controlling interest in the Aerospace Engineering Services business upon the closing of the first tranche, expected in Q3 FY27. The remaining 49% stake will be acquired by Akkodis within 24 to 30 months, with consideration pro-rated based on ownership transferred at each stage. The total payment upon closing of the business transfers amounts to USD 152.35 million, with the balance comprising a performance-linked contingent payment.

Strategic Rationale and Use of Proceeds

Post-transaction, the company is structured around four strategic growth pillars: Aerospace Manufacturing, SCM and MRO; Defence Manufacturing through ACAT; AI-centric ESAI under XiDA Inc; and a newly established Space division. The capital released will be deployed for capacity expansion, certification, and tooling investments at aerospace manufacturing facilities, establishment of the Space division, and strategic acquisitions in the Aerospace and ESAI segments.

Financials of the Transferring Business

The Engineering Services business contributed INR 3,225.88 million, or 31%, to the consolidated turnover for the financial year ended March 31, 2025. The net worth of this business was INR 743 million, representing 11.3% of the company's annual consolidated net worth. The transaction is a related party transaction conducted on an arm's length basis, supported by an independent valuation report from M/s SSPA & Co., Chartered Accountants.

During the transition period of 18 to 24 months, Akkodis and AXISCADES will operate as strategic partners. This arrangement includes bilateral customer-footprint support and a transitional services agreement to ensure integration and customer continuity. Lincoln International acted as the exclusive sell-side financial advisor, BDO as the transaction structuring and tax advisor, and Cyril Amarchand Mangaldas as legal advisors.

AXISCADES Technologies Limited will engage with institutional investors and fund managers during a meeting scheduled for June 15 and 16, 2026, in Mumbai. The company’s representatives will conduct one-on-one and group interactions to discuss business performance and strategy. This initiative aims to provide key stakeholders with updates on the company's operations and future outlook without disclosing any unpublished price sensitive information.

The schedule for the investor interactions is outlined below:

The company noted that the schedule may be subject to change due to exigencies on the part of investors or the company. The event is being conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further details regarding the meeting are available on the official website of AXISCADES Engineering Technologies . The disclosure was submitted to the stock exchanges by Sonal Dudani, Company Secretary & Compliance Officer.