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
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