Mumbai, Oct 6 : Diversified engineering firm Dynamatic Technologies today said it has acquired a UK-based aeronautic firm for USD 16 million (about Rs 76.34). However, the company has not disclosed the identity of acquired firm.
"The acquired company is profitable and the acquisition was made for a total consideration of approximately USD 16 million," Dynamatic Technologies said in a regulatory filing to the Bombay Stock Exchange.
The acquired UK company manufactures highly engineered components and tools, it said.
The customers of aeronautic company include Airbus, Boeing, Lockheed Martin and Agusta Westland, the company added.
Shares of the company closed at Rs 920, down 6.87 per cent on the BSE.
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