Megasoft Limited’s shares hit a 5% upper circuit on Tuesday after its wholly owned subsidiary, Sigma Advanced Systems UK Ltd, signed a Share Purchase Agreement to acquire 100% stake in Nasmyth Group Limited, a leading aerospace and defence engineering company based in the United Kingdom.
The all-cash deal is valued at GBP 17.80 million (around ₹213 crore) and is expected to be completed within four weeks, subject to closing conditions. All requisite approvals under the UK National Security and Investment Act have already been secured.
Nasmyth Group, incorporated in England and Wales, operates multiple manufacturing facilities in the UK and one in India. The company specializes in precision engineering, advanced metal treatments, and special manufacturing processes catering to global aerospace and defence OEMs.
For the 12 months ended April 2025, Nasmyth Group reported a turnover of GBP 59.92 million, up from GBP 54.03 million in 2024 and GBP 44.19 million in 2023, reflecting consistent growth.
Megasoft said the acquisition aligns with its strategy to expand globally and scale rapidly in the aerospace and defence sector, giving the company a strong international platform and diversified business portfolio.
The transaction is not a related party deal, and neither the promoter group nor associated companies have any interest in the acquired entity.
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