Raymond eyes precision engineering, in talks to buy German aerospace supplier Deharde

Raymond is exploring the acquisition of Germany-based precision engineering company Deharde as it seeks to deepen its presence in the fast-growing aerospace manufacturing segment, The Times of India reported on June 24 citing sources aware of the discussions.

Should the transaction go through, it would represent the group's first international acquisition following its 2024 restructuring, under which it separated its apparel and real estate operations through a series of demergers, said ToI's report (by Reeba Zachariah).

The move would also strengthen Raymond's position in an industry where Indian private-sector players such as Tata, Mahindra and Bharat Forge are increasingly integrating into global aerospace supply chains.


Deharde, a privately owned engineering specialist headquartered in Varel, supplies aerostructures to Airbus and other customers. The company began operations in 1909 as a metalworking workshop before expanding into aviation machining and eventually establishing itself as a specialist in aerospace engineering, tooling and assembly. It currently employs around 300 people.

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Responding to queries, Raymond declined to comment, describing the matter as market speculation.

Industry observers said the acquisition could significantly expand Raymond's aerospace capabilities by providing it with an established manufacturing presence in Europe and certified supplier relationships with leading original equipment manufacturers.

Such credentials are becoming increasingly valuable as global aerospace companies look to diversify production and outsource more component manufacturing.

Raymond has already built a manufacturing base in Karnataka for its engineering operations and is planning an additional facility in Andhra Pradesh. A successful acquisition of Deharde would complement these domestic assets while broadening the company's international footprint.

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The timing also aligns with growing opportunities in India's aerospace ecosystem. Airbus has indicated plans to raise its annual sourcing from India to $2 billion by 2030, underscoring the country's rising importance in the global aviation manufacturing network.

Rolls-Royce has similarly identified India as a best-cost sourcing destination, reflecting increasing confidence in the country's engineering capabilities and supplier base.

Within Raymond, the engineering business has emerged as a significant growth engine under the leadership of Gautam Maini. During FY26, the division reported revenue of Rs 2,312 crore and generated an operating profit of Rs 335 crore.

It also maintains an order book worth Rs 2,350 crore scheduled for execution over the next five years, providing long-term visibility for the business.

If completed, the proposed acquisition would reinforce Raymond's strategic pivot toward engineering-led manufacturing and position the company to benefit from expanding demand for outsourced aerospace components across global markets.

The transaction would also add another Indian corporate name to the list of companies seeking to establish a stronger presence in international aviation supply chains through overseas capabilities and customer relationships.