Shares of Unimech Aerospace and Manufacturing Limited jumped more than 3% in early trade after the company announced a major strategic acquisition worth up to ₹450 crore, signaling a significant expansion in its manufacturing capabilities.
The company informed exchanges that it has approved an investment, along with its wholly owned subsidiary Innomech Aerospace Toolings Private Limited, to acquire Hobel Bellows through a structured transaction.
Key details of the acquisition
Unimech Aerospace will hold a 24% stake in Hobel Bellows Private Limited, while its subsidiary Innomech Aerospace Toolings will own the remaining 76%. The newly formed entity will then acquire 99.99% partnership interest in Hobel Bellows Co., a firm engaged in manufacturing metallic bellows and flexible tubing assemblies.
The total investment of ₹450 crore will be executed through a mix of equity, loans, and compulsorily convertible debentures, with the transaction expected to be completed within 7 days.
Strategic rationale behind the deal
The acquisition marks a major step for Unimech as it aims to move up the value chain from precision-machined components to advanced engineered assemblies. Metallic bellows are widely used in aerospace engines, defence platforms, turbomachinery, and industrial systems, making them a natural extension of the company’s existing business.
This move will also give Unimech access to advanced manufacturing technologies such as hydroforming, thin-wall metal forming, high-temperature alloy processing, and precision welding capabilities.