# Adani Defence & Aerospace to acquire Air Works for INR 400 crore

Adani Defence Systems & Technologies Ltd. has signed definitive agreements to acquire Air Works, India's largest independent MRO, for an enterprise value of INR 400 crore. Air Works has a pan-India network across 27 cities and six maintenance bays.

- Type: Acquisition
- Announced: 2022-10-18
- Where: India
- Value: $48.5M (4.00B INR)
- Status: announced
- Products: MRO services for aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Adani Defence Systems and Technologies](https://endata.com/companies/38858.md) (acquirer)
- [Air Works](https://endata.com/companies/65881.md) (target)

## Sources

- [adanienterprises.com](https://www.adanienterprises.com/newsroom/media-releases/adani-defence-and-aerospace-to-acquire-air-works-for-an-enterprise-value-of-inr-400-crore), 2022-10-18: "Given India's growth trajectory and the Government's focus to network the nation through a massive mesh of air connectivity, it is inevitable that the primary growth of India's airline and airport sector lies ahead of it."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.