Bangalore-based Dynamatic Technologies today announced it has acquired the German and Indian operations of the Germany-based automotive component manufacturer Eisenwerke Erla GmbH, a Sanmar Group company, through its wholly-owned subsidiary, JKM Erla Automotive Ltd. Sanmar bought the company in January, 2007.
Dynamatic Technologies Ltd designs and builds products for automotive, aeronautic, hydraulic and security applications.
The Eisenwerke Erla site has been in business for over 630 years and has manufacturing facilities in Erla, Germany, and Chennai, which together generate revenues in excess of ¤100 million. The company is a preferred supplier to global automotive OEMs including Audi, BMW, Borg Warner Turbo Emission Systems, Volkswagen and Daimler.
The buy will not only grant Dynamatic access to customers in the global automotive and turbocharger markets, but will also enhance Dynamatic’s design, development and manufacturing capabilities especially with respect to high precision, complex metallurgical products for automotive engines and turbochargers.
Further, the acquisition of Eisenwerke Erla will grant Dynamatic ownership of one of the finest ferrous foundries in Europe, capable of manufacturing extremely intricate ferrous castings from difficult-to-cast materials. On May 7 , the company had announced the demerger of the Automotive Business of Dynamatic Technologies into JKM ERLA Automotive Limited.
