Adani Defence & Aerospace Partners, Prime Aero to Acquire Stake in Indamer Technics
A definitive agreement has been reached by Adani Defence & Aerospace and Prime Aero to purchase a 100 percent share in Indamer Technics Private Limited (ITPL), one of the top private-sector Maintenance, Repair, and Overhaul (MRO) firms in India.
The company will be acquired through Horizon Aero Solutions Limited, a 50/50 joint venture between Prajay Patel's Prime Aero and Adani Defence Systems and Technologies Limited (ADSTL).
ITPL is situated in the Mihan Special Economic Zone of Nagpur. The 30-acre greenfield site was constructed in accordance with international aviation standards. Ten hangars house fifteen airplane bays. ITPL provides both Indian and foreign clients with services like lease return checks, heavy C-checks, structural repairs, and aircraft painting. It is approved by the DGCA, FAA (USA), and other international agencies.
“The Indian aviation industry has witnessed an unprecedented transformation, becoming the 3rd largest in terms of passenger traffic. With the Indian carriers set to induct more than 1500 aircraft in the coming years, we are on the cusp of a new era in aviation” said Jeet Adani, Director, Adani Airports.
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According to Jeet Adani, director of Adani Airports, the acquisition was made to establish India as a leading international MRO hub. Notably, ITPL is a key player in the MRO industry since Indian carriers are anticipated to add 1,500 aircraft in the upcoming years.
Ashish Rajvanshi, CEO of ADSTL, described it as a significant milestone that will improve capabilities alongside Air Works and solidify the company's position as the biggest private-sector MRO operator in the nation.
“This acquisition is the next step in our push to establish India as a premier global MRO destination. It also reinforces our commitment to building an integrated aviation services ecosystem that strengthens India’s aviation infrastructure. Our goal is to create a single-point aviation services platform that is driven by world-class quality standards and customer satisfaction. As we have stated before, we are determined to play a pivotal role in shaping the future of India’s skies,” Jeet Adani adds.
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“This acquisition marks another critical milestone in fulfilling Adani Defence & Aerospace’s vision to deliver a full-spectrum MRO offering to meet the needs of both commercial and defence aviation sectors,” Rajvanshi said.
“Following the addition of Air Works to our portfolio, this acquisition further strengthens our capabilities and footprint in the MRO segment and reinforces our position as the largest private-sector MRO player in the country. The strategic location of Nagpur, at the center of the country, adds immense value to our operations by bolstering our pan-India footprint and providing us substantial capacity to scale up our business. Together with Air Works, this acquisition unlocks significant synergie ..
The alliance will combine engineering prowess, strong infrastructure, and funding to establish a world-class MRO ecosystem from India that serves customers worldwide, according to Prajay Patel, Director of ITPL and Prime Aero.