Adani Enterprises said its subsidiary Adani Defence Systems and Technologies has acquired Alpha Design Technologies.
“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 said in a filing to BSE.
The company did not reveal the deal value.
Alpha Design Technologies 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 was established in 2003 for the design, development and manufacture of defence electronics and avionics. Its key business areas includes, defence electronics, avionics, aero-structure assemblies, space and satellite systems and simulators among others.
The consolidated turnover of Alpha Design Technologies in 2017-18 was 218 crore, Rs 210 crore in 2016-17 and Rs 419 crore in 2015-16.