Corporate News 02-Apr-24
Board of Aeroflex Industries approves acquisition of Hyd-Air Engineering
At meeting held on 02 April 2024
The Board of Directors of Aeroflex Industries at its meeting held today i.e. 02 April 2024 has approved to acquire 100% of the issued and paid up share capital of Hyd-Air Engineering. The cost of acquisition is Rs 17.20 crore with plans to invest Rs 18 crore to increase production capacity over next 2-3 years. The investee company is engaged in manufacturing of hydraulic fittings, fluid connectors and flanges.
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