Adani Deal: Adani Defense Systems and Technologies Limited Adani Defense Systems and Technologies Systems (ADSTL) will acquire MRO operator Air Works for an enterprise value of Rs 400 crore. Adani Defense Systems and Technologies Limited (ADSTL) has signed definitive agreements to acquire India’s largest and highly diversified independent MRO Air Works with largest pan-India network presence in 27 cities.
Adani Defense issued a statement
The Adani Group company said in a statement that final agreements have been signed for the acquisition of Air Works. Air Works is engaged in the maintenance and repair of aircraft (MRO). According to the statement, the Air Works has developed extensive operational capabilities for major defense and aeronautical fora within the country. The company has a presence in 27 cities with six maintenance divisions. This deal will help for more advanced aircraft and systems through India’s advanced technology in the defense sector.
What the CEO of Adani Defense said
Ashish Rajvanshi, CEO, Adani Defense and Aerospace, said, “Add to the ongoing modernization program to make India a major market for defense aircraft, and what emerges is the most exciting, comprehensive, scale and digital platform within the country’s borders. MRO is one of the services.”
Know about Air Works
Air Works has developed extensive operational capabilities within the country for major defense and aerospace platforms. From First P-8I Aircraft Phase 32 Testing to Phase 48 Testing and MRO on Landing Gear of 737 WIP Aircraft of the Indian Air Force, Air Works for its ATR 42/72, A320 and B737 fleet of aircraft from EASA and DGCA Maintains in Mumbai, Delhi, Hosur and Kochi. Through this deal, air equipment and network can be further expanded through advanced technology in all its units.
Ashish Rajvanshi, Chief Executive Officer (CEO), Adani Defense and Aerospace said, “Given India’s growth trajectory and the government’s focus on connecting the country through its vast network of air connectivity, primary development of India’s airline and airport sector is essential. . In such a situation, the MRO sector has to play an important role in both the defense and civil aeronautical sector.
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