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Disa India’s parent company completes acquisition of LMCS

29 Apr 2017 Evaluate

Disa India’s parent company- Norican Global has completed acquisition of Light Metal Casting Solutions Group (LMCS). Norican Global had entered into an agreement with Auctus Fund III GmbH & Co.KG to purchase 100% of Auctus's shares in LMCS.

LMCS is a group of leading capital equipment manufacturers and service providers for the light metal casting industry, processing Aluminium, Magnesium and Zinc alloys with major operations in Germany, Italy, Poland, China and the US.

Disa India is engaged in the manufacturing of modern foundry equipments. The company supplies complete foundry systems by integrating the DISA range of moulding machines and sand mixers with proper combination of sand plant equipments, surface treatment machineries, environmental control systems and conveying systems.

Peers
Company Name CMP
Bharat Heavy Elect. 430.60
Thermax 3680.25
Kirloskar Industries 3830.40
Skipper 551.65
INDO-MIM 1018.90
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