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AXISCADES Technologies to Acquire Cloud Wave Technologies, Accelerating Entry into Aerospace Manufacturing

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Acquisition accelerates AXISCADES’ aerospace manufacturing strategy, combining immediate capability with planned capacity expansion at Devanahalli.

BENGALURU, India, Aug. 31, 2026 /PRNewswire/ — AXISCADES Technologies Limited (NSE: AXISCADES) (BSE: 532395) (“AXISCADES”), listed on the BSE and NSE, on the 28th of August, 2026 announced that its Board of Directors has approved the acquisition of a majority stake in Cloud Wave Technologies Private Limited (“Cloud Wave”), a Bengaluru-based precision engineering and manufacturing company at an enterprise valuation of approximately INR 260 crores (subject to the finalization of accounts and adjustments as set out under the definitive agreements). The transaction marks a significant step in AXISCADES’ strategy to accelerate the scale-up of its Aerospace Manufacturing platform and add immediately operational precision-manufacturing capabilities alongside its established, product-based Aerospace, Defence and Electronics businesses.

Founded in 2014 and headquartered in Bengaluru, Cloud Wave is an AS9100D-certified manufacturer operating seven manufacturing units, providing precision machining, sheet metal fabrication, tooling, plastic injection moulding, 3D printing & surface treatment capabilities. Its customer base spans the Aerospace & Defence and Semiconductor sectors across both domestic and export markets. The company has been consistently growing over the years and is expected to generate 180cr revenue at 22% EBITDA in FY27.

The acquisition is a key inorganic step under AXISCADES’ Power 930 growth plan, which targets continued expansion into aerospace manufacturing. AXISCADES is also separately developing a new Centre for Advanced Manufacturing (CAM) — a 240,000 sq ft, world-class facility on a 20-acre campus at its Devanahalli Aerospace Park — designed to consolidate and scale manufacturing operations, backed by the right talent, to a standard capable of serving global OEMs. AXISCADES will continue to evaluate selective inorganic opportunities that deepen manufacturing capabilities, expand technology access, and strengthen proximity to global customers in the US & EU.

“This is a defining step for AXISCADES. We are leveraging two decades of our engineering and manufacturing legacy to become a significant player in the aerospace manufacturing supply chain ecosystem — addressing a real capability & capacity gap in India, collaborating with existing Tier 1 and Tier 2 suppliers, and serving our global customers. This platform will continue to expand & grow its existing customers and in parallel meet our own internal metallic manufacturing needs across Defence and Electronics, and positions us to bid for domestic programmes with ADA, HAL, DRDO and others.”
— K.P. Mohanakrishnan, Deputy CEO & President – Aerospace, AXISCADES Technologies Limited

“Joining the AXISCADES Group marks an important milestone in Cloud Wave’s growth journey. It provides us with greater scale, access to a broader customer base and the long-term capital required to accelerate our ambitions. Over the past decade, our team has built strong precision-manufacturing capabilities trusted by leading global aerospace and semiconductor customers. We are excited to take these capabilities to the next level as part of a listed, well-capitalised aerospace and defence platform.”
— Satishkumar P., Founder & CEO, Cloud Wave Technologies Private Limited

About AXISCADES Technologies Limited

AXISCADES Technologies Limited is a publicly listed technology Company headquartered in Bengaluru, India, with operations across Europe, the Americas and the APAC region. The company delivers product-based Aerospace and Defence solutions, and advanced Electronics, Semiconductor and AI products, working with long-term strategic partners across global OEMs and Tier 1 suppliers.

www.axiscades.com

About Cloud Wave Technologies Private Limited

Cloud Wave Technologies Private Limited is a Bengaluru-based, AS9100D-certified precision manufacturing Company founded in 2014. Operating seven manufacturing units, Cloud Wave provides precision machining, sheet metal fabrication, tooling, plastic injection moulding, 3D printing, and surface treatment capabilities across the Aerospace & Defence and Semiconductor sectors, serving both domestic and export markets.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding future acquisitions, facility development, and growth targets, which are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. AXISCADES undertakes no obligation to update these statements except as required by applicable law or listing regulations.

View original content:https://www.prnewswire.com/in/news-releases/axiscades-technologies-to-acquire-cloud-wave-technologies-accelerating-entry-into-aerospace-manufacturing-302864690.html

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Capturing the Beauty of Anhui through Images–2026 Anhui Photography Season Concludes

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November 7, 2026

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HUANGSHAN, China, Nov. 7, 2026 /PRNewswire/ — A news report from Crionline.

Spanning summer and autumn across three successive photography tours, the “Picturesque Anhui • Imaging Anhui” 2026 Anhui Photography Season officially wrapped up on November 4. Co-hosted by the Fédération Internationale de l’Art Photographique (FIAP), the Anhui Provincial Department of Culture and Tourism, and the Foreign Affairs Office of Anhui Provincial People’s Government, the event drew 116 photographers from 38 countries and regions. They visited 46 distinctive cultural and tourism attractions across five cities: Hefei, Chizhou, Anqing, Huangshan and Xuancheng. Through their lenses, they presented Anhui’s landscapes, cultural heritage and vibrant everyday life to the world.

Looking back on the three sessions: The first session kicked off in Hefei. Photographers documented the city’s innovation-driven urban landscape as well as the picturesque scenery and intangible cultural heritage of Chizhou’s ancient villages. The second session took them deep into Huangshan and Anqing. They explored time-honored Huizhou villages, magnificent mountains and Huangmei Opera culture, immersing themselves in Huizhou traditions and the cultural charm of the Yangtze River region in western Anhui. The concluding third session was held in Huangshan and Xuancheng, focusing on brilliant autumn hues, Huizhou‑style ancient architecture, and the traditional craftsmanship behind the Four Treasures of the Study.

From lush summer greens to rich autumn colours, the photographers produced more than 11,000 high‑resolution photographs. Reflecting the unique perspectives of international participants, these images will be disseminated globally in diverse forms. They will help tell compelling stories of Anhui’s cultural tourism and further boost the province’s international profile.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/capturing-the-beauty-of-anhui-through-images2026-anhui-photography-season-concludes-302932583.html

SOURCE Crionline

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JOYEE N01 Global Mass Production Launch and First Batch Delivery of 2,000 Overseas Orders Kicks Off

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November 7, 2026

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YANCHENG, China, Nov. 7, 2026 /PRNewswire/ — On October 28, the ceremony for the global mass production launch of the JOYEE N01 and the first batch delivery of 2,000 overseas orders was grandly held at the Yancheng Branch of China FAW. At the event, FAW Bestune delivered the first batch of 500 vehicles to African customers, marking the official entry of the JOYEE N01 into the global market.

As a flagship product, the BESTUNE XIAOMA has earned recognition from nearly 300,000 users since its launch in 2024. Built upon this blockbuster model and refined with a user-centric philosophy, the JOYEE N01 is an upgraded masterpiece — a solid step forward in elevating the user experience with a global vision.

The JOYEE N01 carries forward the adorable design language: rounded body lines paired with a rich array of exterior color options, winning over young families at first glance. All trims come standard with CATL batteries, delivering a maximum range of over 300KM. The four-door design ensures convenient access to the rear seats. In terms of safety, drawing on FAW’s 70-plus years of automotive manufacturing heritage, the vehicle is fully equipped with a high-strength steel body, dual front airbags, and an electronic stability control system. The product is scheduled to roll out in overseas markets one after another in the fourth quarter of 2026.

View original content:https://www.prnewswire.co.uk/news-releases/joyee-n01-global-mass-production-launch-and-first-batch-delivery-of-2-000-overseas-orders-kicks-off-302932578.html

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7th World Media Summit opens in Beijing

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November 7, 2026

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BEIJING, Nov. 7, 2026 /PRNewswire/ — The 7th World Media Summit held its opening ceremony in Beijing on Saturday under the theme “Media in the Intelligent Age: From Consensus to Action.”

Xinhua News Agency and the Beijing municipal government jointly organized this year’s summit, which runs from Thursday to Monday.

It drew nearly 500 representatives from nearly 330 mainstream media outlets, think tanks and government bodies from 112 countries and regions, as well as the United Nations and other international organizations.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, delivered a keynote speech at the opening ceremony.

The World Media Summit was initiated in 2009 and is now a major global platform for media exchange and cooperation. The last summit was held in Urumqi, the capital city of northwest China’s Xinjiang Uygur Autonomous Region, in 2024.

View original content to download multimedia:https://www.prnewswire.com/news-releases/7th-world-media-summit-opens-in-beijing-302932579.html

SOURCE Xinhua News Agency

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