AXISCADES and Cantier Join Forces - Announce Strategic Transformative Industry 4.0 Partnership

In a recent announcement, AXISCADES Technologies Ltd. (BSE: 532395 | NSE: AXISCADES), a leading end-to-end engineering and technology solutions provider, announced a strategic partnership with Cantier, a Singapore-based powerhouse in Manufacturing Execution Systems (MES), with a specialisation in Industry 4.0 integration.

This visionary alliance signifies a pivotal moment in the manufacturing landscape, as AXISCADES and Cantier combine their strengths to revolutionize precision, efficiency, and innovation within the industry.

AXISCADES' global presence and extensive product engineering solutions, combined with Cantier's MES expertise, create a synergy that promises to elevate precision, efficiency, and innovation in the manufacturing sector.

This partnership enhances the capabilities, focusing on improving connectivity, datadriven decision-making, and expediting top-quality product production for the combined marquee clientele. Cantier specializes in delivering real-time operational visibility, decision support, and enabling autonomous actions in these industries, further promoting sustainable growth.

Arun Krishnamurthi, the CEO and MD of AXISCADES, expressed his enthusiasm, stating, "By integrating Cantier's innovative MES 4.0 with our engineering and technology solutions, we are poised to transform the core of industrial manufacturing. We're not just enhancing workflows; we're creating a new period of manufacturing excellence with real-time insights and seamless digital integration."

Prabakar Selvam, Founder & CEO of Cantier, emphasized the potential of this synergy: "This partnership signifies a turning point for the manufacturing industry. By combining AXISCADES' global reach and comprehensive product engineering solutions with Cantier's MES expertise, we're setting the stage for a manufacturing renaissance. With streamlined workflows, real-time data insights, and unparalleled efficiency, we're not just enhancing manufacturing; we're transforming it. It's a step towards autonomous manufacturing and a true digital transformation."

This partnership arrives as manufacturing shifts toward Smart Manufacturing, promising integrated data-driven solutions that enhance every aspect of the production lifecycle, ultimately leading to autonomous manufacturing and digital transformation. During the year, AXISCADES also acquired add Solutions GmbH, a German automotive major to expand its capabilities and global footprint.

Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 571.70 as compared to the previous close of Rs. 578.65. The total number of shares traded during the day was 6117 in over 219 trades.

The stock hit an intraday high of Rs. 587.00 and intraday low of 560.00. The net turnover during the day was Rs. 3478375.00.

Source : Equity Bulls

Keywords

AXISCADESTechnologies INE555B01013 StrategicPartnership Cantier