Windsor Machines, a leading plastic processing machinery manufacturer, saw its shares hit the upper circuit of 10%, reaching Rs 253.45 on Tuesday, following the announcement of a Share Purchase Agreement to acquire a majority stake in Global CNC Automation.

The deal will mark the company's strategic expansion into high-precision manufacturing solutions, giving it a competitive edge in precision engineering and advanced automation across various sectors. The agreement, confirmed on November 12, 2024, boosted investor confidence, reflected in the surge in Windsor Machines' shares.

Through this acquisition, Windsor aims to enhance its technological capabilities, expand its product portfolio, and strengthen its presence in both domestic and international markets. Windsor anticipates a broader market reach and a diversified product base, leveraging Global CNC's expertise in automation solutions to provide end-to-end solutions, from plastic processing to precision machinery.

Rajkot, Gujarat-based Global CNC Automation, formerly known as Global Hydraulics, specializes in high-tech automation and CNC solutions, making the acquisition a critical strategic move for Windsor. The integration of Global CNC's product line will enable Windsor to meet the growing demands for precision manufacturing, expanding its customer base across industries such as automotive, general engineering, agriculture, medical, and aerospace.

"Global CNC's innovative approach to CNC automation, coupled with their impressive client base, presents significant opportunities for expansion and synergy. This acquisition strengthens our position as a comprehensive solutions provider, bolstering our presence in India and abroad," said Vinay Bansod, Executive Director and CEO of Windsor Machines, according to a Business Standard report.

The acquisition has been well-received by investors, with Windsor Machines' stock price surging to its upper circuit limit following the announcement, reflecting the market's positive outlook on the potential for synergy between the two companies.

Windsor also had a change in promoters earlier this year. The company had reported on September 10, 2024, that Plutus Investments and Holding Private Limited had  acquired a 53.90% stake in the company, consisting of 3.5 crore equity shares from its then promoters, M/s Castle Equipments Private Limited, for a total consideration of ₹350 crore at ₹100 per share.  

Industry experts believe the acquisition will help Windsor strengthen its position as a leading player in the manufacturing space, not just within India but also in global markets.  The acquisition is expected to lead to increased operational efficiencies and open new growth opportunities for Windsor in both domestic and international markets.