Tankup Engineers to Fully Acquire Defence Supplier Hitech Hydraulics

India’s push towards domestic production in the defence and space sectors is creating fresh opportunities for companies with expertise in precision engineering and advanced manufacturing. This momentum was underlined on Tuesday by Tankup Engineers Limited, whose shares climbed 2 percent to Rs. 1,621.70 in early trade, following news that the company had signed a definitive agreement to fully acquire Hitech Hydraulics, a specialist in defence and space systems. The previous session closed with the stock at Rs. 1,589.95, and the market capitalization stood at Rs. 858.69 crore.

Tankup Engineers announced that it signed the agreement on September 9, 2026, to acquire 100 percent ownership of Hitech Hydraulics, subject to due diligence, regulatory clearances, and other completion conditions. While the total acquisition cost remains confidential, Tankup has already acquired a 30 percent partnership interest as part of the first phase, becoming a partner in Hitech Hydraulics. The remaining acquisition is expected to be completed within the next 12 months, in one or more tranches, and will be carried out entirely through cash consideration.

Hitech Hydraulics operates under the AS9100 quality management standard and comprises three key divisions, specializing in Propellant Systems, Ground Systems, and Heavy Engineering. The company is qualified to participate in prominent Indian defence and aerospace programmes, including Agni A1 and A2, BRAHMOS, Akash, the K-5 static launcher, and the LCA Tejas project. It also supports initiatives for ISRO and DRDO, providing products such as missile transportation vehicles, launcher systems (both portable and static), fuel and oxidiser transfer systems, propellant storage, and pneumatic test consoles. One of its standout assets is a 1,000-tonne CRM horizontal structural test facility, designed for specialized testing and systems integration.

Financially, Hitech Hydraulics reported a turnover of Rs. 18.45 crore in FY26, down from Rs. 26.35 crore in FY25 and Rs. 25.60 crore in FY24. The company, established in May 1997, is headquartered in India and is recognized for its expertise in precision engineering, hydraulic and pneumatic systems, and support for defence ground systems. Its established track record with critical Indian defence and space programs offers Tankup Engineers a strategic point of entry into highly specialized markets.

By integrating Hitech Hydraulics’ capabilities, Tankup Engineers expects to broaden its offering beyond its existing assembly-led operations in defence mobility, aviation refuelling, and enterprise engineering. The acquisition is anticipated to open up cross-selling opportunities, boost Tankup’s order pipeline, and expand its role in India’s evolving defence and space manufacturing ecosystem.

With the transaction set for final completion over the coming year, Tankup Engineers’ immediate focus will be on integrating Hitech Hydraulics into its operations and leveraging the combined group’s qualifications for further business opportunities. While the acquisition price remains undisclosed, the strategic rationale centers on the advanced expertise and market access that Hitech Hydraulics adds to Tankup’s business.