Press Release
AXISCADES · price
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AXISCADES Technologies has announced the sale of its entire Engineering Services practice (covering Heavy Engineering, Energy, and Automotive verticals) to Akkodis, a global digital engineering consulting firm with 40,000+ engineers across 30+ countries. The transaction is valued at approximately US$30.63 million, including performance-based earnout, payable in cash over a multi-year period. Closing is expected in Q3 2027, subject to regulatory approvals. This represents the first concrete step in the company's planned transition from a services-led model to a focused aerospace manufacturing and products-led platform, consistent with strategic guidance shared over the past four quarters. Proceeds will fund the Power 930 strategic roadmap including the Devanahalli Atmanirbhar Complex (DAC), Missile Atmanirbhar Complex (MAC), and strategic acquisitions.
Shareholders should note the intentional exit from the services business (Heavy Engineering, Energy, Automotive) signals a complete strategic pivot toward aerospace manufacturing and high-margin product platforms. The ~$30.6 million proceeds will strengthen the balance sheet and fund manufacturing infrastructure buildout.