In a major corporate acquisition, Speck Systems Ltd, a Hyderabad-based manufacturer of geospatial technologies, has been acquired for ₹19.81 crore. The deal will make Speck Systems a 100% subsidiary, strengthening its position in the defense and paramilitary technology sector.

About Speck Systems Ltd

Founded on January 10, 1985, Speck Systems Ltd specializes in situational awareness solutions and decision-making technologies. The company has made significant contributions to the Indian defense sector, providing advanced geospatial solutions. With an authorized capital of ₹22 crore and a paid-up capital of ₹19.81 crore, the firm has established itself as a key player in its domain.

Details of the Acquisition

The acquisition was approved by the National Company Law Tribunal (NCLT) and is expected to be fully completed by March 31, 2025. This cash-based transaction secures 100% ownership of Speck Systems Ltd.

Assets Included in the Acquisition

Along with Speck Systems Ltd, the acquisition includes key industrial and commercial properties, such as:

• Industrial Property: A 2211.88 sq. yard facility at Kushaiguda, Hyderabad, including a 19,400 sq. ft RCC building with machinery and equipment.

• Commercial Flats: Multiple units at Manu’s Aroha Chambers, A S Rao Nagar, Hyderabad, covering a total area of 6,414 sq. ft. These properties also include essential equipment and furniture.

Impact of the Acquisition

This acquisition is part of a strategic business expansion aimed at leveraging Speck Systems' technological expertise in defense and paramilitary solutions. With this move, the acquiring company gains access to advanced situational awareness technologies, strengthening its position in India’s defense and security market.

Regulatory Approvals and Compliance

The acquisition has already received NCLT clearance, ensuring compliance with Indian regulatory norms. As this is not a related party transaction, there are no conflicts of interest involving the promoter group.

Final Thoughts

This acquisition marks a significant milestone in the defense technology sector, reinforcing the role of geospatial intelligence in national security. The deal is expected to enhance operational efficiency, expand market reach, and drive innovation in defense technology applications.

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