Latest news with #Sika
Mint
10 hours ago
- Business
- Mint
THIS defence stock rallies 14% to hit 52-week high, surges 56% in five sessions. Do you own?
Sika Interplant Systems share price surged as much as 13.59 per cent to hit 52-week high in Thursday's trading session to ₹ 1,347.7 apiece on Bombay Stock Exchange (BSE). Sika Interplant Systems stock rallied after the company announced on Tuesday that it had signed a major License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both subsidiaries of Collins Aerospace, which is a part of RTX Corporation (previously known as Raytheon Technologies). ' We wish to inform you that SIKA Interplant Systems Limited ('SIKA') has entered into a License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), each a part of Collins Aerospace ('Collins'),' the company said in an exchange filing. According to the filing, the agreement grants Sika the authority to carry out maintenance, repair, and overhaul (MRO) services for certain primary flight control actuation components for which Collins is the original equipment manufacturer (OEM). These components are essential parts of the Airbus A320 and A321 aircraft series, which rank among the most widely operated commercial aircraft worldwide. As per the agreement, Sika Interplant Systems has been granted a license to maintain aircraft components for planes registered in India and certain nearby countries, broadening the company's regional reach. This development represents a key strategic achievement for Sika, in line with its goal to strengthen its Maintenance, Repair, and Overhaul (MRO) capabilities to better support the aviation and aerospace industries across India and its neighboring regions. The partnership designates Sika as an authorized MRO provider for Collins Aerospace components, potentially opening doors to greater business opportunities from both commercial airlines and defense aviation operators using A320-family aircraft. Sika Interplant Systems share price has rallied over 56 per cent in past five trading sessions and over 80 per cent in over a month. The defence stock has given multibagger returns to its long-term investors by soaring over 166.37 per cent in one year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
10 hours ago
- Business
- Economic Times
Sika Interplant Systems shares soar 63% in 3 days, hit 52-week high on key licensing deal with Collins Aerospace
Live Events Sika Interplant Systems share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sika Interplant Systems rallied sharply over the past three trading sessions, climbing 63.2% to hit a new 52-week high of Rs 1,347.7 on the rally was followed by the company's announcement on Tuesday about entering into a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both part of Collins Aerospace , a unit of RTX Corporation (formerly Raytheon Technologies).As per the regulatory filing, the agreement authorizes Sika to undertake maintenance, repair, and overhaul (MRO) services for specific primary flight control actuation components on which Collins is the original equipment manufacturer (OEM).These components are critical installations on Airbus A320 and A321 series aircraft, one of the most widely used commercial aircraft platforms the terms of the agreement, Sika Interplant Systems is licensed to service aircraft components from aircraft registered in India and select neighbouring countries, thereby expanding the company's geographical scope of marks a significant strategic milestone for Sika, aligning with its stated objective of enhancing its MRO capabilities to support the aviation and aerospace sectors more effectively across India and the surrounding deal positions Sika as an authorized MRO service provider for Collins Aerospace components, which could potentially lead to increased business from both commercial airlines and defense aviation customers operating A320-family the past one year, the shares of Sika Interplant Systems have surged 170.80%, while the year-to-date (YTD) gain stands at 157.15%.In the last six months, the stock has increased by 157.74%, and over the past three months, it has rallied by 170%. On a one-month basis, the stock has risen by 84.54%, indicating strong and consistent upward momentum across all major time frames.
Time of India
10 hours ago
- Business
- Time of India
Sika Interplant Systems shares soar 63% in 3 days, hit 52-week high on key licensing deal with Collins Aerospace
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sika Interplant Systems share price history Shares of Sika Interplant Systems rallied sharply over the past three trading sessions, climbing 63.2% to hit a new 52-week high of Rs 1,347.7 on the rally was followed by the company's announcement on Tuesday about entering into a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both part of Collins Aerospace , a unit of RTX Corporation (formerly Raytheon Technologies).As per the regulatory filing, the agreement authorizes Sika to undertake maintenance, repair, and overhaul (MRO) services for specific primary flight control actuation components on which Collins is the original equipment manufacturer (OEM).These components are critical installations on Airbus A320 and A321 series aircraft, one of the most widely used commercial aircraft platforms the terms of the agreement, Sika Interplant Systems is licensed to service aircraft components from aircraft registered in India and select neighbouring countries, thereby expanding the company's geographical scope of marks a significant strategic milestone for Sika, aligning with its stated objective of enhancing its MRO capabilities to support the aviation and aerospace sectors more effectively across India and the surrounding deal positions Sika as an authorized MRO service provider for Collins Aerospace components, which could potentially lead to increased business from both commercial airlines and defense aviation customers operating A320-family the past one year, the shares of Sika Interplant Systems have surged 170.80%, while the year-to-date (YTD) gain stands at 157.15%.In the last six months, the stock has increased by 157.74%, and over the past three months, it has rallied by 170%. On a one-month basis, the stock has risen by 84.54%, indicating strong and consistent upward momentum across all major time frames.
Associated Press
a day ago
- Business
- Associated Press
Giatec Announces Strategic Partnership with Sika, Accelerating Global Digitalization in the Construction Industry
Strategic Investment Into Giatec Fuels Its Mission to Revolutionize Concrete Construction Through Data-Driven Innovation and Sustainability OTTAWA, ONTARIO / ACCESS Newswire / June 4, 2025 / Giatec®, global leader in digital concrete technology platforms, is pleased to announce a strategic minority investment from Sika AG, a leading specialty chemicals company with a global footprint in the construction Announces Strategic Partnership with Sika Strategic investment into Giatec fuels its mission to revolutionize concrete construction through data-driven innovation and sustainability. This partnership marks a significant milestone in Giatec's mission to revolutionize concrete construction through smart testing technologies and real-time collection and analysis of concrete data from production and delivery to placement. The investment will help accelerate the global adoption of Giatec's advanced concrete technologies, equipping concrete experts everywhere with the tools to enhance concrete quality, improve durability, and promote sustainability throughout the concrete lifecycle. 'Partnering with Sika aligns perfectly with Giatec's vision of transforming the concrete industry through digital innovation,' said Pouria Ghods, CEO and co-founder of Giatec. 'With Sika's global reach and deep industry expertise, this partnership will enable us to expand further into European and international markets, empowering more concrete producers and contractors with the data-driven insights needed to improve efficiency and reduce the industry's carbon footprint.' Ivo Schaedler, Head of Construction at Sika, added, 'This partnership is a significant step toward the future of smart construction. By leveraging Giatec's advanced digital technologies, we are providing the construction industry with unparalleled data-driven insights that improve sustainability and performance. Together, we are shaping an intelligent approach to modern construction, driving efficiency while reducing material waste.' This investment marks a pivotal moment in Giatec's mission to redefine the future of concrete construction. After being fully bootstrapped since its founding, Giatec welcomed its first strategic investor in 2022 - Heidelberg Materials, one of the world's largest integrated manufacturers of building materials. This collaboration laid the groundwork for continued growth and innovation, ultimately leading to today's strategic partnership with Sika. These milestones reflect Giatec's continued leadership in driving digital transformation and sustainability across the global concrete industry. As the company continues to strengthen its presence across Europe and expand globally, this strategic partnership accelerates Giatec's ability to deliver innovative, data-driven technologies that enhance performance, improve sustainability, and reduce waste. With propelled momentum and international reach, Giatec is transforming how concrete is built, tested, and trusted, paving the way for a stronger, smarter, and greener world. Giatec Corporate Profile Giatec is a global company revolutionizing the concrete industry by bringing smart testing technologies and real-time collection and analysis of concrete data from production and delivery to placement. Giatec's suite of hardware and software products has leveraged advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT), including wireless concrete sensors, mobile apps, and advanced non-destructive technologies (NDT) to drive innovation throughout concrete's lifecycle and reduce concrete's carbon footprint. For more information, visit Sika Corporate Profile Sika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industrial manufacturing. Sika has subsidiaries in 102 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation sector toward greater environmental compatibility. With more than 34,000 employees, the company generated sales of CHF 11.76 billion in 2024. Contact InformationDobrila Moogk Senior Vice President, Marketing, Giatec Scientific +1 (877) 497-6278 ext. 9210 SOURCE: Giatec Scientific Inc. press release
Yahoo
a day ago
- Business
- Yahoo
SIKA TO ADVANCE THE DIGITAL TRANSFORMATION OF THE CONSTRUCTION INDUSTRY WITH GIATEC
SIKA TO ADVANCE THE DIGITAL TRANSFORMATION OF THE CONSTRUCTION INDUSTRY WITH GIATEC Sika has made a strategic investment in Giatec™ Scientific Inc., a global leader in digital concrete technology platforms specializing in smart testing and AI-driven solutions, headquartered in Canada. Giatec develops advanced sensors, software, and data analytics tools to optimize concrete quality, durability, and sustainability, from production and delivery to placement. This investment represents a significant milestone in Sika's overall digital strategy, helping the construction industry to improve efficiency and reduce carbon footprint. One key challenge in concrete production is the tendency to overdesign concrete mixes due to raw material fluctuations. With Giatec's AI-powered concrete mix optimization and Sika's advanced admixture technologies, the amount of cement and aggregates used can be analyzed and optimized precisely. This results in significant cost savings and a reduction in CO₂ emissions. In alignment with Sika's strategy to enhance its digital ecosystem, this partnership will accelerate the adoption of smart technologies. By integrating software, sensors, and data platforms, it aims to empower customers to monitor, optimize, and predict various aspects of construction projects for better outcomes. Ivo Schaedler, Head of Construction Sika: "Sika is excited to shape the future of the concrete industry through digital transformation, working closely with Giatec and its network of strategic global partners like Heidelberg Materials. By leveraging digital innovation, we are providing the construction industry with unparalleled data-driven insights that improve sustainability and performance, and enable the next level of modern construction." "We are pleased to strategically partner with Sika as we work together to redefine the future of AI-powered concrete construction," said Pouria Ghods, CEO and Co-founder of Giatec. "With Sika's global reach and proven leadership in the industry, we are uniquely positioned to scale our smart technologies worldwide, empowering the construction sector with data-driven solutions that enhance efficiency, durability, and sustainability on a global scale." GIATEC CORPORATE PROFILEGiatec is a global company revolutionizing the concrete industry by bringing smart testing technologies and real-time collection and analysis of concrete data from production and delivery to placement. Giatec's suite of hardware & software products has leveraged advanced technologies such as Artificial Intelligence (AI), and Internet of Things (IoT), including; wireless concrete sensors, mobile apps, and advanced non-destructive technologies (NDT) to drive innovation throughout concrete's lifecycle and reduce concrete's carbon footprint. For more information visit SIKA CORPORATE PROFILESika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industrial manufacturing. Sika has subsidiaries in 102 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation sector toward greater environmental compatibility. With more than 34,000 employees, the company generated sales of CHF 11.76 billion in 2024. CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 media release can be downloaded from the following link:Media ReleaseError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
