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Trentar Group acquires 75% stake in UAV manufacturer TM Aerospace

Mumbai-based Trentar company has acquired a 75 percent stake in Bangalore-based UAV manufacturer TM Aerospace for an undisclosed quantity. The two companions will give attention to commercializing high-quality and specialty UAVs for each industrial and defence segments, not only in India but also globally. The deal is a part of the Rs 100 Crores investment planned by Trentar over three years, which incorporates designing and manufacturing specialized drones for defence and civil functions together with indigenously constructed sub-systems. Besides, Trentar in October 2021 had also acquired Trishula, which offers a whole UAV propulsion system designed, developed and totally Made in India, and main drone-based companies and platform agency Garuda UAV.

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