Raymond In Talks To Acquire German Aerospace Firm Deharde
ECONOMY & POLICY

Raymond In Talks To Acquire German Aerospace Firm Deharde

Raymond Ltd is in advanced talks to acquire Deharde, a German aerospace engineering firm, as part of a strategic move into aerospace and space technology. The group raised Rs three point three billion (bn) through a recent preferential issue and had earmarked Rs two point four eight billion (bn) of that for acquisitions. Company officials and other people familiar with the matter have been cited as indicating that the target fits the identified sectors.

Deharde is a German precision engineering and manufacturing company whose clients include Airbus and Boeing. Raymond declined to comment on market speculation and the target had not responded to queries by the time of publication. The prospective deal remains at a negotiation stage and no binding agreement has been announced.

Raymond reported revenue growth of eight point two per cent in the March quarter to Rs six point zero three billion (bn) from Rs five point five seven two billion (bn) in the prior year. Earnings before interest, tax, depreciation and amortisation increased 26.2 per cent to Rs seven hundred and fifty seven million (mn) from the previous year. The company noted an expansion in EBITDA margin of two hundred basis points and a net cash surplus of Rs six hundred and eighty million (mn) at the fiscal year end. The firm remains net-debt free according to its published results.

Shares of Raymond Ltd were trading one point three per cent lower at Rs 592.65 apiece at the time of reporting, with the stock having gained six point three per cent in the past month and 39.6 per cent year to date. Analysts will watch how acquisition spending affects margins and cash levels, while the group continues to pursue opportunities in aerospace and space tech. The outcome of negotiations with the German target will determine the near-term strategic direction.

Raymond Ltd is in advanced talks to acquire Deharde, a German aerospace engineering firm, as part of a strategic move into aerospace and space technology. The group raised Rs three point three billion (bn) through a recent preferential issue and had earmarked Rs two point four eight billion (bn) of that for acquisitions. Company officials and other people familiar with the matter have been cited as indicating that the target fits the identified sectors. Deharde is a German precision engineering and manufacturing company whose clients include Airbus and Boeing. Raymond declined to comment on market speculation and the target had not responded to queries by the time of publication. The prospective deal remains at a negotiation stage and no binding agreement has been announced. Raymond reported revenue growth of eight point two per cent in the March quarter to Rs six point zero three billion (bn) from Rs five point five seven two billion (bn) in the prior year. Earnings before interest, tax, depreciation and amortisation increased 26.2 per cent to Rs seven hundred and fifty seven million (mn) from the previous year. The company noted an expansion in EBITDA margin of two hundred basis points and a net cash surplus of Rs six hundred and eighty million (mn) at the fiscal year end. The firm remains net-debt free according to its published results. Shares of Raymond Ltd were trading one point three per cent lower at Rs 592.65 apiece at the time of reporting, with the stock having gained six point three per cent in the past month and 39.6 per cent year to date. Analysts will watch how acquisition spending affects margins and cash levels, while the group continues to pursue opportunities in aerospace and space tech. The outcome of negotiations with the German target will determine the near-term strategic direction.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

KPIL announces new business wins worth Rs 22.25 bn

Kalpataru Projects International (KPIL) has secured new orders and a letter of comfort worth approximately Rs 20.31 billion in its power transmission and distribution (T&D) business across India and international markets. Additionally, its Swedish subsidiary, Linjemontage i Grästorp AB, has received an order worth approximately Rs 1.94 billion (SEK 200 million), taking the combined order value to Rs 22.25 billion.Commenting on the order wins, Manish Mohnot, Managing Director and CEO, KPIL, said the new orders reflect customer confidence in the company's execution capabilities and technical ex..

Next Story
Infrastructure Transport

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Next Story
Infrastructure Urban

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code