Mumbai: Pune-based ADM Group, a diversified manufacturing and engineering firm has acquired a controlling stake in Bangkok-headquartered CCS Advance Tech Co. Ltd for an undisclosed amount, the company said in a release. The transaction marks ADM’s first overseas manufacturing venture as it positions itself to tap rising demand from the semiconductor fabrication, aerospace, and medical device industries.
Founded in 2004, CCS Advance Tech operates a large, single-site precision machining facility in Thailand, supplying complex components and assemblies to customers across critical global supply chains.
The acquisition comes amid accelerating global semiconductor fabrication spending, driven by the artificial intelligence boom and a broader push by companies and governments to diversify supply chains beyond China. Southeast Asia has emerged as a key “China-plus-one” manufacturing destination. The global semiconductor fabrication market is projected to reach USD 1.5 trillion by 2030. CCS Advance Tech is targeting USD 120 million in revenue within two years, implying a 30% compound annual growth rate (CAGR), the company said.
“This partnership represents a defining milestone in ADM’s journey to build a globally competitive precision engineering platform,” said Aman Mehtani, Founder and Group CEO, ADM Group.
Established in 2008, ADM said the acquisition strengthens its Industrial Division — which spans semiconductors, aerospace, oil and gas, and medical instruments — and extends its footprint beyond India for the first time. The deal complements ADM’s existing domestic operations, including ADM CryoWest, a joint venture with California-based CryoWest Inc., and ADM Aerospace & Semiconductor Pvt Ltd.
Ketan Pole, CEO of CCS Advance Tech, said the partnership provides long-term strategic capital and enhanced global market access, while the company will continue to operate under its existing leadership with a focus on engineering excellence.
Singhi Advisors acted as the exclusive strategic M&A advisor to ADM Group, while Veritas Legal served as legal advisor. Financial details of the transaction were not disclosed.
Founded in 2004, CCS Advance Tech operates a large, single-site precision machining facility in Thailand, supplying complex components and assemblies to customers across critical global supply chains.
The acquisition comes amid accelerating global semiconductor fabrication spending, driven by the artificial intelligence boom and a broader push by companies and governments to diversify supply chains beyond China. Southeast Asia has emerged as a key “China-plus-one” manufacturing destination. The global semiconductor fabrication market is projected to reach USD 1.5 trillion by 2030. CCS Advance Tech is targeting USD 120 million in revenue within two years, implying a 30% compound annual growth rate (CAGR), the company said.
“This partnership represents a defining milestone in ADM’s journey to build a globally competitive precision engineering platform,” said Aman Mehtani, Founder and Group CEO, ADM Group.
Established in 2008, ADM said the acquisition strengthens its Industrial Division — which spans semiconductors, aerospace, oil and gas, and medical instruments — and extends its footprint beyond India for the first time. The deal complements ADM’s existing domestic operations, including ADM CryoWest, a joint venture with California-based CryoWest Inc., and ADM Aerospace & Semiconductor Pvt Ltd.
Ketan Pole, CEO of CCS Advance Tech, said the partnership provides long-term strategic capital and enhanced global market access, while the company will continue to operate under its existing leadership with a focus on engineering excellence.
Singhi Advisors acted as the exclusive strategic M&A advisor to ADM Group, while Veritas Legal served as legal advisor. Financial details of the transaction were not disclosed.
