Sigma Advanced Systems Buys UK's Nasmyth Group for ₹213 Crore
Overview
Indian firm Sigma Advanced Systems has acquired UK-based Nasmyth Group for ₹213 crore, bolstering its global aerospace and defence manufacturing presence. The deal aims to expand Sigma's footprint in the US and Europe, integrating Nasmyth's engineering prowess with Sigma's cost-efficient Indian base. Sigma plans an additional ₹450 crore investment for capacity expansion.
Strategic Global Expansion
Sigma Advanced Systems has finalized the acquisition of UK-based Nasmyth Group for ₹213 crore, marking a significant step in its global expansion strategy within the aerospace and defence sector. The Indian-headquartered company, already a prominent manufacturer of aero-engine and aerostructure components, is targeting substantial growth in the United States market following this integration.
Enhanced Capabilities and Investment
Beyond the acquisition cost, Sigma Advanced Systems has set aside an additional ₹450 crore. These funds are designated for enhancing operational capabilities and expanding manufacturing capacity. This investment underscores the company's commitment to scaling its global operations and consolidating its position as a key player in international aerospace supply chains.
Synergistic Strengths
The combination is designed to leverage complementary strengths. Sigma brings its established, cost-efficient manufacturing base in India, while Nasmyth Group contributes deep engineering expertise and a solid customer presence across the UK and Europe. This synergy is expected to create a more resilient and capable platform for supporting global clients.
Leadership Perspective
Sunil Kalidindi, CEO of Sigma Advanced Systems, highlighted the creation of a stronger entity capable of supporting global aerospace and defence customers with greater certainty. John Rooney, CEO of Nasmyth Group, affirmed that Sigma's investment will bolster their capacity for critical programmes while maintaining Nasmyth's long-standing engineering culture and customer focus.
