5 days ago
Adani Defence, Prime Aero to acquires Indamer Technics
Mumbai
Adani Defence Systems and Technologies Ltd. (ADSTL), through its venture Horizon Aero Solutions Ltd., and in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100% stake in Indamer Technics Private Ltd. (ITPL), a private sector MRO provider for an unspecified amount.
Horizon is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics.
Located at Nagpur in the MIHAN special economic zone (SEZ), ITPL has set up a greenfield facility on the 30-acre site. The facility has the capacity to accommodate 15 aircraft bays across 10 hangars.
ITPL is approved by DGCA, FAA (USA) and other global civil aviation regulators. The company offers a suite of MRO services, including Lease Return Checks, Heavy C-Checks, Structural Repairs, and Aircraft Painting to leading Indian and global customers.
'With the Indian carriers set to induct more than 1,500 aircraft in the coming years, we are on the cusp of a new era in aviation,' said Jeet Adani, Director, Adani Airports.
'This acquisition is the next step in our push to establish India as a premier global MRO destination. It also reinforces our commitment to building an integrated aviation services ecosystem that strengthens India's aviation infrastructure,' he said.
'Our goal is to create a single-point aviation services platform that is driven by world-class quality standards and customer satisfaction. We are determined to play a pivotal role in shaping the future of India's skies,' he added.
