Technocraft Industries (India) has made a strategic acquisition of Swift Engineering Inc., located in Calgary, Canada. Swift is a highly respected company involved in providing Engineering, Procurement, Consultancy and Management (EPCM) services, specializing in Oil & Gas sector, Process Studies, Piping, Mechanical, Electrical, Civil Structural Designing and Procurement Support. Presently Swift employs about 50 highly skilled design engineers and has a turnover of about Rs 50 crore. The company expects to more than double the turnover of Swift in next two years.
Swift operations are synergical to the activities of Technocraft’s wholly owned subsidiary Technosoft, which does Engineering Design Services in Automotive, Mining Equipment, General Machinery, Oil & Gas, Structural engineering and other sectors.
Technosoft has primary Engineering Designing Centre in Mumbai and subsidiary in Milwaukee, USA and Manchester, UK. The Canadian subsidiary Swift will make the services of Technosoft more broad based and cover a larger international geographical area.
Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.
