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Hyderabad-based Raghu Vamsi Group has acquired British precision machining firm PMC Group from Pressure Technologies for an initial enterprise value of £6.2 million. PMC Group specializes in components for the oil and gas industry.
“The acquisition will propel Raghu Vamsi Group, which predominantly is focused on the aerospace and defence industry and counts among its customers several global OEMs, to enhance its global footprint and expand capabilities.”thehindu.com
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