# GMM Pfaudler acquires assets of HDO Technologies in liquidation

GMM Pfaudler emerged as the successful bidder to acquire assets of HDO Technologies Ltd, including land, building, plant and machinery, for ₹58.46 crore. The acquisition will enhance capacity in heavy engineering.

- Type: Acquisition
- Announced: 2021-03-16
- Where: Vatva, Ahmedabad, India, India
- Value: $7.90M (584.6M INR)
- Status: announced
- Products: heavy engineering equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [GMM Pfaudler Group](https://endata.com/companies/35985.md) (acquirer)
- [HDO Technologies](https://endata.com/companies/53844.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/gmm-pfaudler-buys-assets-of-hdo-technologies-in-liquidation/article34084922.ece), 2021-03-16: "We are very excited with this acquisition as it will significantly enhance our capacity and augment our capabilities in Heavy Engineering and at the same time will free up capacity at our Karamsad facility to expand our Glass Lined business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.