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AXISCADES Technologies to Divest Engineering and Heavy Energy Services Business

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Aerospace and technology engineering company AXISCADES Technologies (NSE:AXISCADES, BOM:532395) plans to transfer its engineering and heavy energy services business to digital engineering consulting company Akkodis in a $30.6 million deal, according to a Monday filing to the Indian stock exchanges.

The transaction will include an additional performance-based earnout and will be payable in cash over a multi-year period.

The move is aimed at helping the company to transition from a services-led organization to a focused aerospace manufacturing and products-led platform.

The move is expected to be completed in the third quarter of 2027, subject to applicable regulatory clearances. The funds from the transaction will help the company build its Devanahalli Atmanirbhar Complex, the Missile Atmanirbhar Complex, and its pipeline of strategic acquisitions in higher-margin products and manufacturing capabilities.

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