Question
Recently the digital manufacturing company Zetwerk has
acquired which of the following Aerospace company to expand it business in India?Solution
Zetwerk, a digital manufacturing company, has acquired Pinaka Aerospace Solutions for an undisclosed amount as it expands its business. Zetwerk said the acquisition would help it tap the Indian aerospace and defence (A&D) manufacturing market, which is worth $11 billion and is set to grow to $25 billion by 2025. Zetwerk also picked up majority stakes in Sharp Tanks and a 100 per cent stake in the Wardha factory of Wheels India. The total value of the three acquisitions stands at approximately Rs 100 crore. Zetwerk has unicorn status as a startup after being valued at more than $1 billion. Zetwerk is an end-to-end manufacturing supply chain solutions provider in fabrication, machining, casting, and forging. Pinaka Aerospace Solutions Private Limited is a Product and Services provider in the field of Avionics, Electronic Warfare and Communication systems. The company has acquired the capabilities to deliver end-to-end concept to product realization.
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