Axiscades Technologies shines on completing acquisition of add-solution GmbH
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Axiscades Technologies is currently trading at Rs. 558.50, up by 7.25 points or 1.32% from its previous closing of Rs. 551.25 on the BSE.
The scrip opened at Rs. 557.10 and has touched a high and low of Rs. 566.00 and Rs. 548.00 respectively. So far 554 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 602.00 on 17-Aug-2023 and a 52 week low of Rs. 128.10 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 602.00 and Rs. 540.00 respectively. The current market cap of the company is Rs. 2119.94 crore.
The promoters holding in the company stood at 66.18%, while Institutions and Non-Institutions held 0.08% and 33.74% respectively.
Axiscades Technologies has completed the acquisition of add-solution GmbH, a German company specializing in automotive design and development with deep domain expertise in services such as Electrical Distribution System engineering, testing and software development, wiring systems, component engineering, and automation for global automotive OEMs. add-solution comes with deep entrenched relationships with the world’s largest Automotive OEM’s and Tier 1’s built over years of excellent delivery and differentiated competencies. With this transaction, Axiscades has strengthened its position in the automotive vertical and enhanced its presence in Germany, one of the biggest automotive markets in the world.
Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.
