Axiscades Technologies, an engineering solutions company, has completed the acquisition of Mistral Solutions for Rs 296 crore. Mistral is a company with expertise in product engineering, embedded electronics, defence, and semiconductors.
According to Axiscades Technologies, the acquisition will increase its capability in digital engineering, embedded electronics, and systems engineering. Axiscades expects this acquisition will result in robust and consistent earnings and margin expansion.
The company recently received a repeat work order to offer engineering services for product design for all aircraft programmes of the leading global aerospace firm Airbus.
According to Axiscades Chairman David Bradley, the acquisition will allow the firm to expand its operations and add complementary products to its portfolio while providing customers with cutting-edge solutions.
