ALD Vacuum Technologies picks up 30 per cent in Dynatech Furnaces

MUMBAI: Leading global supplier of vacuum furnaces, ALD Vacuum Technologies GmbH, Germany, has picked up 30 per cent stake in Dynatech Furnaces (Bombay) Private Ltd, to gain entry into India.

The investment in Dynatech is a long-term strategy of the company to expand its presence in India, a press release issued here stated without disclosing the amount invested.

ALD, which is a part of AMG Advanced Metallurgical Group N. V., Netherlands, is the world leader in vacuum metallurgy, technology leader in vacuum heat treatment and sole supplier of vacuum thermal recycling world-wide.

"This merger will help Dynatech in the next phase of its growth both within India and globally, as ALD is one of the world renowned manufacturers of vacuum furnaces and a part of the global AMG Group," Dynatech Furnaces' director, MS Ganesh, said.

Dynatech Furnaces has hired the services of BDO to advise it on ALD Vacuum Technologies Deal, the release said.