Mahindra acquires 2 Australian Aerospace companies
India’s Mahindra & Mahindra Ltd.said Tuesday it has acquired a 75.1% stake each in two Australian aerospace companies for INR1.75 billion (US$37.4 million) to expand its aircraft and aerospace-component manufacturing business.
Mahindra & Mahindra has bought two small Australian firms to build its aerospace capacity so it can compete for large orders from airline manufacturers modernising Indian defence forces.
The company on Tuesday said it and India’s Kotak Private Equity had bought majority stakes in component firm Aerostaff Australia and aircraft maker Gippsland Aeronautics for 1.75 billion rupees ($37.5 million).
The company, through its wholly owned unit Mahindra Aerospace Pvt. Ltd. and jointly with Kotak Private Equity, acquired the stake in aircraft maker Gippsland Aeronautics and parts
About Mahindra Australia
Based in Brisbane, Mahindra Australia is a branch of Mahindra & Mahindra Ltd. Mahindra is among the top three tractor manufacturers in the world. In 2005, the company entered the Australian market with the launch of its assembly & customer support centre in Acacia Ridge, QLD.
About Mahindra AEROSPACE
Aerospace
Our Aerospace Division is an AS9100 Rev.B certified design organization embodying decades of experience in global aerospace design and development programs. We optimally combine this experience with our thorough knowledge of aerospace regulations and familiarity with operational environments, and leverage Mahindra Engineering’s robust customer-focused processes to provide timely, accurate, cutting-edge technical products to our customers. We pride ourselves on offering a wide spectrum of services ranging from conceptual design through productionizing your aerospace products, be they components or complete vehicles. Our knowledge and familiarity with the aviation and aerospace domains, coupled with the Mahindra Group’s commitment to the Aerospace sector, ensure that we will meet and exceed your expectations.
Conceptual design to meet operator specifications
Full spectrum of Computer Aided Design services
Full spectrum of Computer Aided Engineering services
Embedded Systems for Aerospace Applications
Software development for Aerospace applications
Design and development of structural test fixtures and procedures
Design and development of production-quality tools, jigs and fixtures
Prototyping and production planning
More mahindra uastralia news
Indian company buys Gipps Aero and Aerostaff
Indian car company Mahindra & Mahindra has announced that it has purchased controlling stakes in Gippsland Aeronautics and Aerostaff Australia to better position itself for the defence offsets market in Australia. According to media reports, the Indian company has paid nearly $38 million to take majority holdings…
[Continue reading: Indian company buys Gipps Aero and Aerostaff]
BUILT TO EAT HARD YAKKA, MAHINDRA LAUNCHES ITS MOST RUGGED, HEAVY DUTY LINE OF TRACTORS – “60 SERIES”.
Latest Addition of the 8560 4WD (83HP) to the Mahindra Australia Models Continues Tradition of Hard-Working, High Value Tractors
Featured Products
20 & 60 4WD Series (75-83 HP)
8560-4WD
The Chairman of TMI Pacific and the Tynan Motor Group of companies, Michael Tynan says, “Over the past 18 months TMI Pacific has successfully laid the foundation and carved a niche in the Australian landscape for the Mahindra range of utility vehicles.
It wasn’t all that long ago that TMR tested the cheap and cheerful Mahindra Pikup. You get what you pay for in this world but the Pikup proved likeable, in a ‘rough and tumble’ kind of way.
At the time, the real question on our minds was just how long Mahindra’s second assault on the Australian car market would last? Did the importer, TMI Pacific, have pockets deep enough to go the distance? Afterall, prying folks out of their Japanese-brand light commercial vehicles and getting them into a cheaper, visually challenged Indian-built vehicle, was never going to be an easy task.
Mahindra Australia is proud to announce the launch of its ‘60 Series’ line of tractors, the manufacturer’s most rugged, heavy-duty line of vehicles to date. The 8560 4WD, the first model to debut in this new series, features an 83 horsepower engine, which provides enough power to haul the largest loads
This post has 1 comments
April 2nd, 2010
I think that its a wise decision by Mahindra and its a good news for all the stakeholders of Mahindra and I hope that with this decision Mahindra may prosper more in future.
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