Digilife acquires majority stake in Brimax AAC Products

The transaction is expected to be completed on or around 15 November.

Digilife Technologies has acquired a 51% stake in Brimax AAC Products LLP, a manufacturer of sustainable building materials, for $4.9m (INR336.6m).

Should the acquisition be approved by shareholders, Digilife Tech intends to diversify its business to include the manufacturing, processing, and distribution of construction materials.

These include autoclaved aerated concrete (AAC) blocks and panels, reinforcement panels, fly ash bricks, lightweight blocks, ready-mix concrete, and precast products, amongst others.

Digilife Tech foresees the acquisition will allow it to benefit from the growing Indian construction sector, poised to be the third largest globally in 2025.

The transaction, which will be funded by internal resources, is expected to be completed on or around 15 November.

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