AXISCADES to Acquire Cloud Wave Technologies for ₹260 Crore, Boosting Aerospace Manufacturing
AXISCADES Technologies will acquire a majority stake in Cloud Wave Technologies for approximately ₹260 crore. This acquisition accelerates AXISCADES' aerospace manufacturing strategy by integrating Cloud Wave's precision engineering capabilities. Cloud Wave is projected to generate ₹180 crore revenue with 22% EBITDA in FY27.
The acquisition represents a significant strategic step for AXISCADES, directly impacting its core business expansion in the aerospace manufacturing sector and is valued at a substantial ₹260 crore.
The acquisition of Cloud Wave Technologies is a strategic move to enhance AXISCADES' aerospace manufacturing capabilities and accelerate its growth plan, which is expected to be beneficial for the company.
AXISCADES Technologies Limited announced on August 28, 2026, that its Board of Directors has approved the acquisition of a majority stake in Cloud Wave Technologies Private Limited. The acquisition is valued at an enterprise valuation of approximately ₹260 crore (approximately $31.2 million), subject to finalization of accounts and adjustments.
This strategic move is designed to accelerate AXISCADES' aerospace manufacturing strategy by integrating Cloud Wave's immediate precision-manufacturing capabilities with AXISCADES' existing operations and planned capacity expansion at its Devanahalli facility. Cloud Wave, founded in 2014, is an AS9100D-certified manufacturer with seven units, offering precision machining, sheet metal fabrication, tooling, plastic injection moulding, 3D printing, and surface treatment. The company serves the Aerospace & Defence and Semiconductor sectors and is projected to generate ₹180 crore revenue with 22% EBITDA in FY27.
The acquisition is a key inorganic step within AXISCADES' Power 930 growth plan. AXISCADES is also developing a new 240,000 sq ft Centre for Advanced Manufacturing (CAM) at its Devanahalli Aerospace Park. K.P. Mohanakrishnan, Deputy CEO & President – Aerospace at AXISCADES, stated that this acquisition will help address a capability and capacity gap in India's aerospace manufacturing supply chain and serve global customers. Satishkumar P., Founder & CEO of Cloud Wave Technologies, expressed excitement about the increased scale and access to capital.
AXISCADES Technologies Limited is a technology company with operations globally, delivering solutions in Aerospace, Defence, Electronics, Semiconductor, and AI. Cloud Wave Technologies is a Bengaluru-based precision manufacturing company serving domestic and export markets.
A plain-language summary of a public exchange filing by AXISCADES Technologies Limited. Read the original for the full detail.