Bondada Dynamics Pvt Ltd, a subsidiary of Bondada Engineering Ltd, on Thursday said it has acquired a 75 per cent ownership interest in KCS Engineering Solutions, a defence and aerospace technology-focused engineering firm.
In a regulatory filing, the company said that as part of the transaction, the parties plan to convert KCS Engineering Solutions into a private limited company, proposed to be named BKCS Technologies Pvt Ltd. The entity will operate as a subsidiary of Bondada Dynamics and become part of the Bondada Group.
KCS Engineering Solutions is engaged in the research, design, development, manufacturing, testing and integration of electronic and electro-mechanical solutions for defence, aerospace and allied applications.
Bondada said the acquisition is aligned with its strategy to expand its presence in the defence, aerospace and advanced technology sectors through inorganic growth.
The company intends to leverage KCS Engineering Solutions’ design and development capabilities, intellectual property portfolio, order pipeline and existing relationships with defence establishments and public sector entities.
KCS Engineering Solutions has been associated with organisations including the Defence Research and Development Organisation (DRDO), the Indian Space Research Organisation (ISRO), Bharat Electronics Ltd (BEL), Electronics Corporation of India Ltd (ECIL), Bharat Dynamics Ltd (BDL), the National Technical Research Organisation (NTRO), and the Indian Armed Forces.
The acquisition is expected to provide Bondada Group with an established platform in the defence and aerospace ecosystem while complementing its existing engineering and infrastructure capabilities.
