AXISCADES acquires Mistral

Mistral Solutions announced its merger with Bangalore based AXISCADES - a Product Engineering Solutions Company. The merger with AXISCADES will be completed in a phased manner over 5 years.

“For us, this is a strategic partnership between the two companies which has been a part of Mistral’s long term growth and expansion plans. We have very complementary capabilities and customers that we can cross leverage. Being part of an established entity like AXISCADES, gives us the capability to address large business opportunities in India and with global OEMs and take advantage of the government’s Make-in-India initiative.” said Anees Ahmed, Co-Founder and President of Mistral.

Cofounded in 1997 by Anees Ahmed and Rajeev Ramachandra, Mistral is a niche technology company with 320+ people, across India and the U.S., specializes in end to end embedded solutions & product engineering catering to Aerospace, Defence, Industrial, Consumer, Wearable, Medical and Semiconductor and Homeland Security verticals.

"This acquisition of Mistral helps us to be a significant player in the Defence Offset and digital technologies. The synergy between AXISCADES and Mistral offers both the parties, impetus to create IP's, broadening service offerings leading to substantial business growth. This acquisition is EPS accretive," Sudhakar Gande, Vice Chairman, AXISCADES said in a statement.
 

The operational structure and the management of the organisation will remain the same.

AXISCADES caters to the futuristic needs of Aerospace, Defense, Heavy Engineering, Automotive and Industrial Production sectors.