Branch² Intelligence
Apollo Micro shares jump 4%, but Premier Explosives falls on ₹1,550 crore deal
Key takeaway
Apollo Micro Systems acquires Premier Explosives in a ₹1,550 crore deal, combining defence electronics with energetic materials.
- Step 1Apollo Micro Systems acquires Premier Explosives for ₹1,550 crore, creating a vertically integrated defence supplier.
- Step 2The combined entity gains pricing power and cost synergies, enabling competitive bids for global defence contracts.
- Step 3UK defence SMEs face increased competition from a stronger Indian player in UK MoD and allied nation tenders.
Source: CNBC TV18 (Markets)
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