AXISCADES Technologies has approved the acquisition of the remaining 24% stake in Cades Studec Technologies India (CSTI) for USD 1.5 million. With this move, CSTI will become a wholly owned subsidiary, strengthening AXISCADES’ footprint in technical documentation and engineering services.
AXISCADES Technologies Limited announced today that its Board has cleared the acquisition of the balance stake in CSTI from STUDEC SAS France. The deal underscores AXISCADES’ strategic intent to consolidate operations and expand capabilities in aerospace, automotive, and renewable energy documentation solutions.
Strategic Acquisition For Growth
The acquisition involves 1,50,000 equity shares, making CSTI a 100% subsidiary of AXISCADES. The transaction, valued at USD 1.5 million, is expected to close by June 2026, subject to pre-closing conditions.
Business Alignment And Potential
CSTI specializes in technical publications, including interactive manuals, 3D documentation, and training content. Its expertise aligns seamlessly with AXISCADES’ engineering and technology services, offering enhanced value to global clients.
Key Highlights
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Acquisition of 24% stake in CSTI for USD 1.5 million
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CSTI to become a wholly owned subsidiary of AXISCADES
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CSTI turnover FY24-25: Rs. 198.49 crore; net worth Rs. 280.71 crore
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Industry focus: Aerospace, automotive, renewable energy technical documentation
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Completion expected by June 2026
Sources: AXISCADES Technologies Limited corporate filing, March 16, 2026