AXISCADES Technologies Limited has announced a significant strategic shift, marking the beginning of its transition from a services-led organisation to a focused aerospace manufacturing and products-led platform. The company has transferred its Engineering Services practice, which caters to Heavy Engineering, Energy, and Automotive verticals, to Akkodis, a global leader in digital engineering consulting. This move is consistent with the strategic guidance AXISCADES has shared with its shareholders over the past four quarters.
The transaction involves Akkodis acquiring 100% of AXISCADES’ Engineering Services practice, with the consideration pegged at approximately US$30.63 million. This includes an additional performance-based earnout, payable in cash over a multi-year period. The closing of the transaction is expected in the third quarter of 2027, subject to regulatory clearances and customary completion conditions.
This strategic move is part of AXISCADES’ Power 930 roadmap, which aims to scale up manufacturing infrastructure, acquire strategic capabilities in core growth areas, and strengthen the company’s balance sheet. The proceeds from this transaction will be used to support these initiatives, including the development of the Devanahalli Atmanirbhar Complex (DAC) and the Missile Atmanirbhar Complex (MAC).
In transferring the Engineering Services practice to Akkodis, AXISCADES aims to crystallise value from these services, freeing up capital and management resources for redeployment into its core aerospace and product platforms. The company believes that Akkodis, with its scale and global reach, is well-positioned to take these businesses to their next phase of profitable growth. Employees associated with the transferred practices are expected to move to Akkodis, benefiting from enhanced global career opportunities.
Dr. Sampath Ravi Narayanan, Founder, Chairman, and Managing Director of AXISCADES, stated, “This transaction is the beginning of the strategic transformation we have been signalling to our shareholders over the past four quarters. By transferring our Engineering Services practice to Akkodis, we crystallise meaningful value and sharpen the company’s focus on the platforms that will define our Power 930 ambition.”
AXISCADES is a leading aerospace and technology engineering and manufacturing company based in Bengaluru, with a global presence across 17 locations. It provides integrated solutions spanning design, engineering, and manufacturing for global OEMs and customers worldwide.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).