Adani Group to acquire Air Works for enterprise value of ₹400 crore
The Hindu
Adani Group acquires Air Works, India's largest MRO company, expanding its aviation services with a ₹400 crore deal.
Adani Group on Monday (December 23, 2024) said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of ₹400 crore.
“Adani Defence Systems & Technologies Limited (ADSTL) has signed a share purchase agreement to acquire 85.8% shareholding in Air Works, India’s largest private sector MRO company with the largest pan-India footprint,” the conglomerate said in a statement.
With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.
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