By BullScreen Editorial Team 
Shares of ASM Technologies Ltd gained over 4% in Friday’s trade after the company announced a strategic acquisition to strengthen its capabilities in the wireless and embedded technology space.
The stock climbed 4.07% to an intraday high of Rs. 2,293.95, compared to its previous close of Rs. 2,204.20, taking its market capitalisation to around Rs. 3,293 crore.
The company said its board has approved an investment of Rs. 79.57 crore to acquire a 51% stake in Asmaitha Wireless Technologies Private Ltd. The transaction will be executed over the next five years, with a share purchase agreement expected within 90 days. The deal will be funded entirely in cash and does not require regulatory approvals.
Asmaitha Wireless, incorporated in 2010, operates in the embedded and wireless domain, offering solutions across telecom infrastructure, IoT modules such as BLE and Wi-Fi, and medical wearable devices for global markets. Despite its relatively small scale, with FY25 revenue of Rs. 3.67 crore, the company brings niche expertise in design-to-manufacturing capabilities.
The acquisition is expected to enhance ASM Technologies’ position in design-led manufacturing, particularly in firmware, embedded systems, and wireless technologies, key components in the rapidly expanding AI and semiconductor ecosystem.
ASM Technologies has reported strong financial growth, with revenue rising 79% year-on-year to Rs. 116.02 crore in December 2025, while net profit increased to Rs. 9.31 crore. The company maintains healthy return ratios and low leverage, indicating solid financial stability.
With growing demand for AI-driven hardware, IoT devices, and semiconductor solutions, the deal is seen as a strategic step to deepen its presence in high-growth technology segments while expanding its end-to-end engineering capabilities.