Elaborating on the future plans, Melligeri mentioned about expanding into the precision consumer electronics space and setting up the Maintenance, Repair and Overhaul (MRO) jointly with Canada's Magellan Aerospace Corporation in 2025.
Aequs -- which provides vertically integrated product solutions for the aerospace and consumer goods industries, including high precision electronics components -- currently has around USD 120 million annual revenues.
Bullish on growth opportunities, contract manufacturer Aequs is set to strengthen its aerospace manufacturing capabilities, expand consumer segment footprint as well as set up an MRO this year.
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