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Megasoft just announced that its arm Sigma Advanced Systems has acquired a 100% stake in UK-based Nasmyth Group. The deal is valued at ₹213 crore.
Megasoft is an advanced systems provider that offers services like machining, fabrication, and assembly work. It primarily serves the defense and aerospace sector.
Nasmyth Group, on the other hand, specialises in manufacturing, precision engineering, and metal treatments for defense and aerospace sectors.
Why this matters: Nasmyth Group has several manufacturing facilities in the UK and one in India.
The deal will help Megasoft expand production as the company looks to pivot from its telecom business.
Big picture: the announcement comes days after India signed a massive $500 million missile deal with the UK. With security tensions in India flaring up more frequently with neighbouring countries, moves like this would help India advance its fleet and acquire high quality defense tech.
