By IANS
London : In yet another Indian acquisition of a British company, the Swindon-based engineering company Sauer-Danfoss has been purchased by the Bangalore-based Dynamatic Technologies Ltd.
Sauer-Danfoss was based in Swindon for the last 50 years. It was formally Plessey Hydraulics Ltd before becoming Sundstrand Hydratec Ltd and then Sauer-Sundstrand. It has been manufacturing hydraulic gear pumps and valves mainly for the off highway mobile equipment industry.
Dynamatic Technologies Ltd has six manufacturing plants, three in Bangalore and three in Chennai, and manufactures highly engineered products in the automotive and defence sectors as well as the agricultural and construction equipment industries.
The acquisition of the Swindon business will increase the number of employees in Dynamatic to approximately 2,000 worldwide. The official completion of the sale took place with an unveiling ceremony and celebration with employees and suppliers at the Cheney Manor site in Swindon recently.