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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Buying the Nagpur-based aircraft maintenance firm is part of a larger move to expand maintenance, repair and overhaul capabilities.
Adani Defence Systems and Technologies, in partnership with Prime Aero Services, has moved to consolidate its position in India's aircraft maintenance sector by acquiring Indamer Technics, a Nagpur-based maintenance, repair and overhaul (MRO) company.
The acquisition will be conducted through Horizon Aero Solutions, a 50-50 joint venture between Adani Defence and Prime Aero. Except the fact that Prime Aero is owned by Prajay Patel, who also serves as director of Indamer Technics, little else is known about the company. Financial details of the acquisition were not disclosed.
Indamer operates a 120,000 square metre facility in Nagpur's MIHAN special economic zone, …
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