Strategic Fit

Adani Defence & Aerospace, a subsidiary of Adani Enterprises Ltd., has announced its plan to acquire a 100% stake in Indamer Technics, a leading player in aircraft maintenance, repair, and overhaul (MRO) services. The acquisition will be routed through Horizon, a 50:50 joint venture, marking a significant move in strengthening India’s domestic aviation infrastructure.

This strategic expansion aligns with Adani Group’s broader vision of building a strong aerospace and defence ecosystem, catering not only to the armed forces but also to the rapidly expanding civil aviation market in India. The acquisition positions Adani Defence to provide integrated, end-to-end aircraft servicing solutions—reducing dependence on overseas MRO facilities and boosting the “Make in India” initiative.

Deal Structure

• 100% equity acquisition of Indamer Technics.

• Investment will be made via Horizon, a joint venture equally owned by Adani Defence and its partner.

• The financial terms of the deal have not been disclosed.

• Subject to regulatory and statutory approvals before completion.

• The move will integrate Indamer’s MRO expertise with Adani’s infrastructure capabilities, allowing the combined entity to scale operations and cater to both domestic and international clients.

Competitive Landscape

The Indian MRO sector is expected to grow significantly, driven by rising air passenger traffic, increasing aircraft fleet sizes, and government incentives for local servicing. Indamer Technics, with its existing service facilities and certifications, gives Adani Defence a competitive edge against players such as Air Works, GMR Aero Technic, and AI Engineering Services Ltd.

With this acquisition, Adani can compete more aggressively in the defence aviation maintenance space while also capitalizing on the booming civil aviation market.

Market Reaction

While the deal value remains undisclosed, industry watchers have termed the move a strategic consolidation in India’s aviation MRO segment. Analysts believe the acquisition could enable significant revenue growth in the medium term, given the increasing preference of airlines for local MRO to save costs and turnaround time.

Final Word

By acquiring Indamer Technics, Adani Defence is taking a decisive step toward building a comprehensive aerospace and defence servicing ecosystem. The move complements India’s push for self-reliance in aviation maintenance and could help position Adani as a key player in both commercial and defence aviation services in the coming years.