Ahmedabad, Aug. 11 -- Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100 per cent stake in Indamer Technics Private Limited (ITPL), India's pioneering private-sector MRO provider, according to a company statement on Monday.
Horizon is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics.
Strategically located at Nagpur in the MIHAN special economic zone (SEZ), ITPL has set up a state-of-the-art greenfield facility on the 30-acre site.
The facility can accommodate 15 aircraft bays across 10 hangars.
ITPL is approved by DGCA...
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