Sigma Advanced Systems acquiring U.K. firm Bromford Precision for ₹153 crore
Hyderabad-based Sigma Advanced Systems is acquiring the UK-based Bromford Precision Solutions for ₹153 crore. The deal aims to optimize manufacturing costs by transitioning some production to India while leveraging Bromford's expertise in aeroengine components.
Why it matters
This acquisition represents a strategic move by an Indian aerospace firm to expand its global footprint and manufacturing capabilities.
Aerospace and defence components maker Sigma Advanced Systems is acquiring U.K firm Bromford Precision Solutions for ₹153 crore.
The transaction is expected to be closed by this month, subject to customary closing conditions, Sigma said, announcing signing of a share purchase agreement to acquire 100% stake in Bromford.
Operated from its facility in Leicestershire, Bromford specialises in manufacturing complex aeroengine ring components and other complex precision-machined aeroengine structures such as compressor casings, ducts, brackets and lock plates.
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