Product engineering solutions provider Axiscades announced on 6 November that it is acquiring embedded technology company Mistral.
The INR1.75 billion (USD27 million) acquisition will benefit from the country’s Make in India strategy, the two Indian companies said.
Mistral has seen successes in about 40 defence programmes in India, employing 300 people across India and the United States. Products include ruggedised screens and small form factor systems for use in radar and electronic warfare systems.
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