Dynamatic Technologies acquires new company

Dynamatic Technologies has acquired the German and Indian operations of the German based automotive component manufacturer Eisenwerke Erla GmbH through its wholly owned subsidiary, JKM Erla Automotive Limited. The Eisenwerke Erla site has been in business for over 630 years and has manufacturing facilities in Erla, Germany & Chennai, India, which together generate revenues in excess of Euro 100 million. The Company is a preferred supplier to leading global automotive OEMs including Audi, BMW, Borg Warner Turbo Emission Systems, Honeywell, IHI, MAN, MTU, Volkswagen Group, Liebherr, Luk and Daimler. This acquisition will not only grant Dynamatic access to marquee 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. Eisenwerk Erla produces and machines superior castings (in all modern iron casting alloys). The gamut ranges from large series automobile castings to complicated and core intensive components for mechanical engineering applications. On May 07, 2011, the company had announced the demerger of the Automotive Business of Dynamatic Technologies into JKM ERLA Automotive Limited.