Announced Tue, 14 Jul · 06:30 IST
Sigma Advanced Systems to acquire 100% stake in UK firm Bromford Precision
SIGMAADV · price
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Price reaction · full curve 14 horizons · vs prior close
-4.1%1-day move
₹584.00
prior close
₹604.00
base price
After-mkt
timing
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-1.9-1.8-1.7-2.5-4.1-1.8-4.8-8.4-10.5-14.4————
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AI summary
Sigma Advanced Systems to buy 100% of UK-based Bromford Precision Solutions for about INR 153 Cr (GBP 11.89 million) in cash, via its UK subsidiary. Target supplies aero engine parts to OEMs in UK and Europe, with turnover growing from Rs 89 Cr to Rs 228 Cr in 3 years. UK NSI approval secured; deal to close in 6 weeks.
Likely market impact
Boosts Sigma's aerospace presence in UK/Europe with a precision engineering firm. Deal worth INR 153 Cr may lift revenue, though it is sizeable.