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Home arrow News arrow Mergers and Acquisitions arrow Dynamatic Technologies acquires UK based Aeronautic Company for USD 16 mn
Dynamatic Technologies acquires UK based Aeronautic Company for USD 16 mn Print E-mail
Written by Viswanath   
Wednesday, 08 October 2008
Bangalore: Dynamatic Technologies Ltd has announced that it has acquired a UK-based Aeronautic Company manufacturing highly engineered components and toolings. The said Company has been in business for the last 35 years, and specializes in complex 5-Axis machining.

The acquired Company is profitable, and the acquisition was made for a total consideration of approximately USD 16 million.

The acquisition Gives Dynamatic a direct relationship with major Western Aerospace Companies and provides the Company 100% ownership of one of finest 5-Axis Aeronautic machine shops in the Western hemisphere.

The customers of the Company include Airbus, Boeing, GKN Aerospace, Magellan Aerospace, GE Aviation Systems, Lockheed Martin and Agusta Westland. The Company is strategically located very close to production sites of its customers, at Bristol, UK.

With this acquisition, Dynamatic will get access to cutting edge technology in aerospace toolings, fixtures and programming and various other benefits to the Company in the long run. Additionally Dynamatic will get access to an Experienced management team.

This acquisition broadens Dynamatic's aerospace capabilities at a time when Indian Defence & Civilian Aerospace requirements are taking off.

 
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