AXISCADES Share Price in Focus; Completes Acquisition of 90% Stake in Cloud Wave Technologies for ₹234 Crore

AXISCADES completed the deal on September 10, 2026, after signing the required agreements with Cloud Wave and its sellers. The company has also taken an indirect 90% stake in Cloud Wave's wholly owned companies, Protohubs and Aureate.  

The acquisition takes AXISCADES further into manufacturing. Until now, the company's main business has been engineering design and services. It said the deal will add manufacturing capacity to its aerospace and defence business.  

AXISCADES Completes Cloud Wave Deal 

AXISCADES has paid ₹234 crore in cash for 90% of Cloud Wave. The purchase price is subject to adjustments after the deal, as set out in the Share Purchase Agreement. The enterprise value of Cloud Wave is around ₹260 crore.  

The remaining 10% of Cloud Wave can be acquired by AXISCADES later, depending on the terms of the agreements.  

Cloud Wave was set up in Bengaluru in 2014. It is an AS9100D-certified precision manufacturing company with seven manufacturing units. Its work includes precision machining, sheet metal fabrication, plastic injection moulding, 3D printing and wire harness manufacturing.   

Cloud Wave Recorded ₹107.78 Crore Turnover 

Cloud Wave's turnover has increased over the last three financial years. It stood at ₹36.98 crore in FY24, ₹68.25 crore in FY25 and ₹107.78 crore in FY26.  

The company supplies customers in the aerospace, defence and semiconductor sectors. It has both Indian and export customers.  

Protohubs and Aureate are also part of the transaction. Protohubs works in prototyping and manufacturing and reported a FY26 turnover of ₹6.54 crore. Aureate makes precision tooling and works in plastic injection moulding and die casting, with a FY26 turnover of ₹6.99 crore.  

Move Into Aerospace Manufacturing 

AXISCADES said the deal is part of its plan to build its own manufacturing business. The company wants to combine its engineering work with manufacturing for aerospace, defence and OEM customers.  

It also plans to develop the manufacturing setup into a larger aerospace manufacturing centre. The company said this could allow it to work on global OEM manufacturing programmes.  

AXISCADES said the acquisitions are not expected to have an adverse impact on its existing business and are expected to add to earnings over the medium term.  

Read More: Adani Ports Share Price in Focus; Receives SEBI Settlement Order Concerning Former Executives! 

AXISCADES Share Price Performance 

As of September 11, 2026, at 1:23 PM, AXISCADES share price was trading at ₹1,836.10 per share, reflecting a decline of 1.80% from the previous trading session. 

Conclusion 

AXISCADES has completed the purchase of 90% of Cloud Wave Technologies for ₹234 crore. The deal also gives it an indirect 90% stake in Protohubs and Aureate. Cloud Wave brings seven manufacturing units and an aerospace and defence-focused customer base to the group.   

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