New Delhi: Adani Enterprises said on Saturday that its subsidiary Adani Defence Systems and Technologies has acquired Alpha Design Technologies Pvt Ltd.
"Adani Defence Systems and Technologies Ltd, a wholly owned subsidiary of the company has acquired the control of Alpha Design Technologies Pvt Ltd," Adani Enterprises Ltd said in a filing to BSE. The company did not reveal the deal value.
Alpha Design Technologies Pvt Ltd provides Adani Defence and Aerospace a strong tier-1 capability for building a base for graduating to platform capabilities, the filing said.
Alpha Design Technologies Pvt Ltd was established in 2003 for the design, development and manufacture of defence electronics and avionics.
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Its key business areas include defence electronics, avionics, aero-structure assemblies, space and satellite systems and simulators among others.
The consolidated turnover of Alpha Design Technologies Pvt Ltd in 2017-18 was 218 crore, Rs 210 crore in 2016-17 and Rs 419 crore in 2015-16.
