Bharat Forge Limited, through its wholly-owned subsidiary Kalyani Strategic Systems Limited (KSSL), entered into a Cornerstone Investment Agreement to acquire a 25% equity stake in Edgelab S.p.A., Italy, for a cash consideration of €2.5 million. Edgelab, a leader in the design and manufacture of autonomous underwater vehicles for both civilian and defense applications, reported a turnover of €1.89 million for the financial year 2023.
The investment is part of Bharat Forge’s strategic move to strengthen its presence in the marine robotics and defense technology sectors. The acquisition will be subject to the completion of certain conditions, and the transaction is expected to support the development of new products and synergies globally, including in India.
Edgelab, founded in 2010, operates primarily in Europe and India, providing innovative solutions in marine technology. The acquisition aligns with Bharat Forge’s ongoing focus on expanding its capabilities in marine technology and defense solutions.
