Adani Defence Unit to Acquire Full Stake in Indamer Technics Through Prime Aero

Quick Summary:

• Adani Defense Systems and Technologies Limited (ADSTL), in partnership with Prime Aero, has signed an agreement to acquire a 100% stake in Indamer Technics Private limited (ITPL), one of India’s leading private sector aircraft Maintenance, Repair, and Overhaul (MRO) firms.
• The acquisition was facilitated thru Horizon Aero Solutions Limited, a joint venture between ADSTL and Prime Aero.
• ITPL operates a greenfield facility at Nagpur within the MIHAN special economic zone (SEZ), spread across 30 acres, featuring 10 hangars capable of accommodating up to 15 aircraft bays.
• Indamer Technics provides MRO services like lease return checks, heavy C-checks, structural repairs, and aircraft painting to both Indian and international customers. It has approvals from global civil aviation authorities including DGCA (India) and FAA (USA).
• Jeet Adani emphasized its role in positioning India as a premier global MRO destination amidst expanding aviation needs due to the planned induction of over 1,500 new aircraft by Indian carriers.
• Ashish Rajvanshi reiterated that this acquisition is part of adani’s vision for comprehensive MRO solutions for both commercial and defense sectors.

!Read More