AXISCADES Acquires 90% of Cloud Wave Technologies for ₹234 Crore
AXISCADES Technologies Limited acquired 90% of Cloud Wave Technologies for ₹234 crore. This acquisition includes subsidiaries Protohubs and Aureate. The deal aims to enhance manufacturing capabilities and support growth in the aerospace sector.
The acquisition represents a significant strategic shift for AXISCADES, expanding its capabilities and market position in the aerospace and defense sector.
The acquisition is a strategic move expected to enhance the company's manufacturing capabilities and contribute to earnings growth.
AXISCADES Technologies Limited has successfully completed the acquisition of 90% of the share capital of Cloud Wave Technologies Private Limited for a purchase consideration of ₹234 crore, subject to post-closing adjustments. This strategic acquisition, executed on September 10, 2026, also includes the indirect acquisition of 90% of Cloud Wave's wholly-owned subsidiaries, Protohubs System Solutions Private Limited and Aureate Polymet Private Limited.
This move is a significant step in AXISCADES' growth strategy to shift from an engineering services model to aerospace manufacturing. The acquisition aims to build owned manufacturing capabilities and capacity, complementing the company's existing offerings in Aerospace, Defence, and Electronics/Semiconductor sectors. It will enable AXISCADES to offer integrated engineering and manufacturing solutions, deepen client relationships, and establish a physical manufacturing platform intended to scale into a larger Centre of Aerospace Manufacturing.
Cloud Wave, an AS9100D-certified precision manufacturing company, reported an audited turnover of ₹107.78 crore for FY25-26. Protohubs and Aureate, incorporated in 2025, reported turnovers of ₹6.54 crore and ₹6.99 crore respectively for the same period. The acquisition is expected to be earnings accretive over the medium term and is not anticipated to have any adverse impact on the company's existing operations.
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AXISCADES Technologies Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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