Belrise Industries Limited (BIL) announced the acquisition of 100% share capital of Chester Hall Precision Engineering Holdings Limited, a UK-based specialist in serving the global aerospace, space, and defence sectors. This strategic move marks BIL’s entry into high-value manufacturing, leveraging Chester Hall’s expertise in exotic materials and mission-critical components. The transaction was completed at an EV/EBITDA multiple of 6x and is expected to be immediately accretive to EPS and ROCE.
Strategic Entry into Aerospace Sector
Belrise Industries Limited (BIL), previously known as Badve Engineering Limited, has finalized the acquisition of Chester Hall Precision Engineering Holdings Limited through its subsidiary, Belrise UK Holdings Limited. This transaction represents a defining milestone, signaling a deliberate entry into the high-value aerospace, space, and defence precision engineering supply chain globally.
Chester Hall Profile and Value Proposition
Chester Hall is recognized as a specialist in machining critical components for aerostructures, aero-engine parts, and satellite systems. They maintain deep relationships with the world’s largest aircraft and space OEMs, including a leading French Aircraft Engine OEM, often serving as a single-source supplier.
- Expertise covers a wide range of aerospace alloys, including titanium and high-grade aluminum.
- Specializes in concurrent design and development of mission-critical components.
Transaction Financials and Strategic Impact
The acquisition has been completed with revenues for Chester Hall reported at approximately £18.5 million GBP, and an enterprise value set at £13.2 million GBP. The deal structure includes an EV/EBITDA multiple of 6x and anticipates certain deferred consideration based on CY26 performance.
The acquisition delivers compounding strategic value across three core areas:
- Instant access to advanced aerospace precision manufacturing capabilities and necessary certifications.
- A crucial platform to scale service offerings to global aerospace OEMs and Tier-1 suppliers.
- A powerful integration of Belrise’s large-scale manufacturing excellence in India and France with Chester Hall’s deep precision engineering expertise.
Leadership Commentary
Mr. Sumedh Badve, Head of Strategy at Belrise Industries Limited, stated that this expansion moves the company beyond automotive into one of the most technically demanding sectors. He emphasized that combining Chester Hall’s expertise with Belrise’s manufacturing scale creates a powerful platform to participate in the rapidly expanding global and Indian aerospace ecosystems.
About Belrise Industries Limited (BIL)
BIL is a leading automotive component provider based in Pune, India, specializing in safety-critical systems for two-wheelers, commercial vehicles, and agri-vehicles. BIL operates 21 manufacturing facilities across 9 states in India and 1 facility in France, leveraging its precision engineering expertise to diversify into non-automotive segments like aerospace & defence and renewable energy.
Source: BSE
