AXISCADES Technologies transfers engineering services practice to Akkodis

Shares of AXISCADES Technologies, one of India's leading defence technology players, jumped over 1.3% on Tuesday morning after the company announced a strategic transfer of its Engineering and heavy energy services segment. The shares opened at ₹2,046 apiece and made an intraday high of ₹2,092 apiece on the NSE.

The company said through an exchange filing that one of India’s leading aerospace and technology engineering and manufacturing companies, today announced the implementation of the strategic plan to transfer its Engineering Services practice catering to Heavy Engineering, Energy and Automotive verticals, to Akkodis, a leading global digital engineering consulting company.

The company also said, Over the past four quarters, AXISCADES has consistently communicated to its shareholders and to the market its intent to transition the Company from a services-led model toward a focused aerospace manufacturing and products-led platform. Today’s announcement is the beginning of that transition, crystallising value from the Engineering Services practice while releasing capital and management bandwidth for redeployment into the higher-margin, higher-growth core platforms of aerospace engineering, aerospace manufacturing, MRO and Electronics, Sensors and AI (ESAI) proprietary solutions.

As of Q3FY26, the company’s Heavy Engineering, Energy, and Automotive verticals contributed roughly around 18% of the total revenue. According to the exchange filing, ta. The transition is expected to be completed in Q3 2027, subject to applicable regulatory requirements.