Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

Amrit Acharya Zetwerk

Amrit Acharya Zetwerk

Peerzada Abrar Bengaluru
Zetwerk, a digital manufacturing company, said on Thursday it 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.

First Published: Jun 30 2022 | 4:22 PM IST

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