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Bangalore, Oct. 6

Dynamatic Technologies Ltd has informed stock exchanges that it has acquired a UK-based company making aeronautic components for around $16 million (around Rs 76 crore). The unnamed 35-year-old UK company is a profitable one that manufactures highly engineered aeronautics components and toolings and specialises in complex 5-axis machining. Located at Bristol, close to its customers’ sites, the UK company counts Airbus, Boeing, Lockheed Martin, Agusta Westland, GE Avi ation Systems, Magellan Aerospace and GKN Aerospace, Dynamatic said in its notification. DTL, which closed fiscal 2008 with sales of over Rs 360 crore, is a 1,200-strong company supplying non-ferrous alloy castings for aerospace, automotive and industrial uses. —

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