Belrise Industries Limited (BIL), one of India’s leading integrated automotive component manufacturers with a diverse portfolio of safety-critical systems and engineering solutions announced that its step-down wholly owned subsidiary, Belrise UK Holdings Limited, has signed a definitive Share Purchase Agreement to acquire 100% of the issued share capital of Chester Hall Precision Engineering Holdings Limited (hereafter referred to as Chester Hall) - a United Kingdom based precision engineering group serving the global aerospace, space and defence sectors.
Chester Hall is a specialist in machining aerostructures, aero-engine components, and satellite parts, with deep relationships across marquee global aerospace customers. It works with the world’s largest aircraft and space OEM, as well as a leading French Aircraft Engine OEM, and serves as a single-source supplier for most of the programs it participates in, highlighting its criticality and high-entry barriers.
The company possesses strong expertise across a wide range of aerospace alloys and exotic materials, including titanium and high-grade aluminum, enabling it to deliver components with the high precision required in the aerospace sector. In addition to its manufacturing capabilities, Chester Hall is also a specialist in concurrent design and development of components for its customers, playing a key-role in the engineering of mission-critical components.
The acquisition was completed at an EV/EBITDA multiple of 6x and is expected to be both EPS-accretive and ROCE accretive from day one. There will be a certain deferred consideration based on Chester Hall’s CY26 performance. With revenues of 18.5 million GBP and an enterprise value of 13.2 million GBP, the transaction represents a defining milestone in Belrise’s evolution as a diversified global engineering and manufacturing platform, marking a deliberate and strategic entry into high-value aerospace and space manufacturing.
The acquisition delivers immediate and compounding strategic value to Belrise across three dimensions:
Instant access to advanced aerospace precision manufacturing capabilities and certifications
A platform to serve global aerospace OEMs and Tier-1 suppliers at scale
A powerful integration of Belrise’s large-scale manufacturing excellence in India and France, with Chester Hall’s deep precision engineering expertise
Speaking on the occasion, Sumedh Badve, Head of Strategy, Belrise Industries Limited, noted, “This acquisition marks a defining chapter in Belrise’s journey. We are expanding beyond automotive into one of the most technically demanding and fastest-growing global sectors, aerospace and defence. Chester Hall brings deep precision engineering capabilities and a sterling reputation within the aerospace supply chain, being recognized as a top supplier across all its major customers. By combining their advanced engineering expertise with Belrise’s manufacturing scale, we are creating a powerful platform to participate in the rapidly expanding global as well as Indian aerospace manufacturing ecosystem. This transaction is an important step in our strategy to build a truly diversified global engineering group, and to strengthen India’s role in the international aerospace supply chain”
The acquisition will create a compelling cross-border engineering platform - anchored in India’s manufacturing scale and discipline and elevated by Chester Hall’s precision capabilities and aerospace supply chain positioning.