Dormer Pramet agrees to make key acquisition

Dormer Pramet has agreed to acquire the business of India-based Miranda Tools, a manufacturer of HSS and solid-carbide cutting tools, subject to conditions.

With a corporate base in Mumbai and several manufacturing facilities in the state of Gujarat, Miranda is one of the leading domestic cutting-tool brands. Employing more than 580 people, the company offers a portfolio that includes drills, taps, milling cutters and saws.
The acquisition will enhance Dormer Pramet’s production capabilities with a proven manufacturing platform and further strengthen the company’s round tools offer for the general engineering, automotive component manufacturing and MRO industries. Dormer Pramet is a global cutting-tool manufacturer with more than 20 sales offices around the world, including in New Delhi, supporting sales to more than 90 markets.
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