In a deal worth $16m (£9.2m), Bangalore-based
Dynamatic Technologieshas acquired
Oldland CNC, a profitable high-end precision-engineering company in
which manufactures aerospace components and tooling.
This acquisition will provide Dynamatic with a five-axis machining manufacturing facility that is located close to the production facilities of its customers in
Dynamatic is
In addition, it also produces non-ferrous alloy castings for industrial, automotive and aerospace applications at two foundries in
With the purchase of Oldland, it hopes to grow its aerospace business both in
Babcock marks next stage in submarine dismantling project
Surely on a national security project all contractors ought to be UK owned? This is similar to the life enhancement of our nuclear stations which has...