Acquisition Of Miranda Tools Completed By Dormer Pramet
Global manufacturer and supplier of cutting tools Dormer Pramet have informed that it has completed the previously announced acquisition of Miranda Tools. The High-Speed Steel (HSS) cutting tools manufacturer Miranda has a corporate base in Mumbai and several manufacturing facilities in the state of Gujarat. Following 6 months of activity to finalize the acquisition, more than 580 employees will now become part of Dormer Pramet. The deal would help to strengthen Dormer Pramet’s round tools offer for the general engineering, automotive component manufacturing, and MRO industries in India and around the world.