Sapna Seth
Singhi Advisors Pvt. Ltd.
JKM Ferrotech Ltd.
Deal Type
Company sale
Sector
Industrials
Completion Date
7th July 2021
Deal Value
Not disclosed
Company Background
Casted producs foundry focusing on the automotive sectors in India and in Europe.
Deal Summary
Advised by Singhi Advisors, Dyanamatic Technologies Ltd. ("Dynamatic") has sold its non-core foundry business assets in its wholly owned subsidiary JKM Ferrotech Ltd. to Danblock Brakes India Private Limited , an Indian subsidiary of the $2 bn MAT Holdings Inc. ("MAT") of USA. The Transaction will enable Dynamatic to exit its non-core business of automotive components to focus on its Aeronautics, Defence and Hydraulics business. At the same time, it will mark MAT's first entry in Southern India and the foundry being close to the port, it will help better service its international customers.
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