# Adani Defence and Aerospace to acquire Air Works Group

Air Works Group and Adani Defence and Aerospace signed a binding Share Purchase Agreement for Adani to acquire Air Works at an enterprise value of INR 400 crore.

- Type: Acquisition
- Announced: 2024-12-25
- Where: India
- Value: $48.0M (4.00B INR)
- Status: announced
- Products: aviation MRO services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Adani Defence & Aerospace](https://endata.com/companies/36696.md) (acquirer)
- [Air Works](https://endata.com/companies/65881.md) (target)

## Sources

- [airworks.aero](https://airworks.aero/media-center/press-release/air-works-signs-binding-share-purchase-agreement-with-adani-defence-aerospace), 2024-12-25: "Air Works Group - India’s largest independent aviation services & MRO major, and Adani Defence and Aerospace have signed a binding Share Purchase Agreement that could eventually see Air Works becoming an integral part of the Adani Group"

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