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Adani Defence & Aerospace, in partnership with Prime Aero, has signed a definitive 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) companies. The acquisition will be executed through Horizon Aero Solutions Limited, a 50:50 joint venture between Adani Defence & Aerospace and Prime Aero, owned by Prajay Patel, Director of Indamer Technics.
Adani Defence Indamer Technics Acquisition to Strengthen Aviation MRO Presence
Strategically located in Nagpur’s MIHAN Special Economic Zone, ITPL boasts a modern greenfield facility spread over 30 acres. It features 15 aircraft bays across 10 hangars and is approved by the Directorate General of Civil Aviation (DGCA), the US Federal Aviation Administration (FAA), and several other international regulators.
The company’s service portfolio includes lease return checks, heavy C-checks, structural repairs, and aircraft painting. Jeet Adani, Director at Adani Airports, said the acquisition comes at a pivotal time for India’s aviation industry, with over 1,500 new aircraft expected to be added to domestic fleets in the coming years.
Adani Defence Indamer Technics Acquisition to Boost Commercial & Defence Capabilities
Adani Defence & Aerospace plans to integrate ITPL’s capabilities with Air Works to offer comprehensive solutions for both commercial and defence aviation sectors. The move is expected to create significant synergies, enhancing operational efficiency and expanding service offerings in India’s rapidly growing aviation market.
Following the announcement, shares of Adani Enterprises closed nearly 5% higher on the BSE on Monday, August 11.
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