Belrise Industries Acquires Chester Hall Precision Engineering, UK, for Aerospace Entry
Belrise Industries Limited acquired UK-based Chester Hall Precision Engineering for £13.2 million GBP. This strategic move grants Belrise entry into the global aerospace, space, and defence sectors. The acquisition is expected to be EPS and ROCE accretive from day one.
This acquisition represents a significant strategic shift for Belrise Industries, marking its diversification into the high-value aerospace and defence sector, which is expected to have a substantial impact on its future growth and market position.
The acquisition is strategic, providing entry into a high-growth sector and is expected to be accretive to earnings and returns, indicating a positive outlook.
Belrise Industries Limited (BIL) has announced the strategic acquisition of Chester Hall Precision Engineering Holdings Limited (Chester Hall), a UK-based precision engineering group, through its step-down wholly owned subsidiary, Belrise UK Holdings Limited. This acquisition marks Belrise's entry into the global aerospace, space, and defence precision engineering supply chain.
Chester Hall specializes in machining aerostructures, aero-engine components, and satellite parts, serving marquee global aerospace customers. The company has expertise in various aerospace alloys and concurrent design and development of components. The acquisition was completed at an EV/EBITDA multiple of 6x and is expected to be EPS and ROCE accretive from day one, with deferred consideration based on Chester Hall's CY26 performance.
The transaction, with revenues of approximately £18.5 million GBP and an enterprise value of £13.2 million GBP, provides Belrise with immediate access to advanced aerospace manufacturing capabilities, a platform to serve global OEMs and Tier-1 suppliers, and a powerful integration of its Indian and French manufacturing scale with Chester Hall's precision engineering expertise.
Mr. Sumedh Badve, Head of Strategy at Belrise Industries Limited, stated that the acquisition is a defining chapter, expanding the company beyond automotive into the technically demanding aerospace and defence sectors. This move aims to create a compelling cross-border engineering platform, leveraging India's manufacturing scale and Chester Hall's precision capabilities to strengthen India's role in the international aerospace supply chain.
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Belrise Industries 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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