On Friday, Axiscades Technologies announced that on the meeting held on June 15, the Board of Directors considered and approved the 100 percent acquisition of Add solutions, GmbH, Germany, specializing in Automitive Solutions to Global OEMs, the company announced through an exchange filing.
The acquisition will be carried out through AXISCADES GmbH, a wholly owned subsidiary of Axiscades.
Add solution, GmbH is a Company based out of Wolfsburg, Germany which specializes in automotive design and development. They specialize in services such as wiring systems, software testing and automation for Global Automotive OEMs.
Axiscades Technologies Ltd Shares
The shares of Axiscades Technologies on Friday at 3:30 pm IST were at Rs 383.05, up by 4.99 percent.
