[MTC Global] Aurangabad SME buys French firm SPMS Suprematic

Dear All,

Here is an exemplary acquisition:

• Grind Master Group, Aurangabad, has acquired French machine tool builder, SPMS Supramatic which gives the company a chance to strengthen its position in the European market.
• Grind Master has an installed base of 4,500 machines across the globe. Grind Master accounts for 20% of Indian machine tools exports. Around 75% of Grind Master exports are to China, where Grind Master competes with German and Japanese machine builders.
• "Grind Master Machines has turned into a global company. This acquisition in France adds to our operations in India, China and France and a collaboration in the US," Milind Kelkar, CMD Grind Master Machines said, "With truly international products and process development teams, we are gearing up to serve the international automotive industry"
  

Warm regards,

G.S.Autee

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