We are pleased to announce the acquisition of the Sira Group (45M € revenues for 300 people), by Aequs Aerospace Group. Aequs is among the Indian precision machining companies experiencing the strongest growth. The Buyer is specialized in precision manufacturing, sheet metal, assembly, forging and special processes for aerospace, automotive and oil & gas.
Thus the Aequs Group becomes the first Indo-French group in the world specialized in precision machining.
With over a century of existence, Sira Group is specialized in the machining of engine components and landing gears for civil and military aviation industries. They worked with every French must have accounts: Safran, Dassault, Thales and UTC. Counting five locations (Paris, Cholet, Aubigny-sur-Nere, Besancon and Tangier (Morocco), Sira brings to Aequs additional capacities to expand its aerospace manufacturing activities, and beside more geographical proximity of the Group compared to their valuable European customers.
As Mr Aravind Melligeri, CEO of Aequs : “The acquisition of SIRA Group strengthens the ability of Aeques to create value regarding our European customers with a close collaboration between our operations India and France.”
Furthermore, Mr. Melligeri adds, “I-Deal Development has been successfully implementing its expertise at every stage of the process, creating a climate of trust and allowing all parties to move forward with confidence. The key to the success of this operation relies in the ability of I-Deal Development team to convince of the relevance of our business plan, to overcome the challenges of each counterparts (Investment Funds, Managers, advice note) and to unify this set around a common project. “