Completion of Acquisition of 'Hobel Bellows Co.', a partnership firm through 'Hobel Bellows Private Limited'.
UNIMECH · price
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Unimech Aerospace and Manufacturing Limited has completed the acquisition of Hobel Bellows Private Limited, a partnership firm operating as Hobel Bellows Co. The acquisition was structured with Unimech acquiring 24% stake and its wholly owned subsidiary Innomech Aerospace Toolings acquiring the remaining 76%. This makes Hobel Bellows Private Limited a step-down subsidiary of Unimech. The company and its subsidiary have fully paid and settled the entire consideration within the previously communicated timeline. The transaction was completed in accordance with the terms of the definitive agreements signed earlier.
This acquisition expands Unimech's aerospace and manufacturing footprint by bringing Hobel Bellows under its corporate umbrella as a step-down subsidiary, potentially adding new capabilities or revenue streams to the group's operations.