AXISCADES Technologies Limited (BSE:532395) agreed to acquire EPCOGEN Private Limited for approximately INR 330 million on October 12, 2023. Under the terms of agreement, AXISCADES Technologies will pay INR 262.5 million and an earnout of INR 70 million based on performance ending FY26. EPCOGEN reported turnover of INR 119.266 million in financial year 2023. The transaction has been approved by board of AXISCADES Technologies and is expected to close in December 2023.

AXISCADES Technologies Limited (BSE:532395) Completed the acquisition of EPCOGEN Private Limited on December 6, 2023.