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Raghu Vamsi Group acquires UK-based PMC Group
- Hyderabad-based Raghu Vamsi Group has acquired UK-based PMC Group, adding to its capabilities to produce high-precision products and solutions to critical industries worldwide.
- PMC Group's expertise in precision machining, combined with Raghu Vamsi Group's state-of-the-art manufacturing facilities in India, will lead to greater synergies in product innovation and cater to a wider segment of high-precision products.
- The combined strengths of India and the UK will provide a cost-efficient and high-precision solution for customers.
- The acquisition of PMC Group was celebrated at a special event attended by key industry stakeholders, including the Deputy High Commissioner of the UK to India.
- MD of Raghu Vamsi Group, Mr. Vamsi Vikas, was thrilled with the acquisition, noting that it will grow the company's portfolio and expand its global footprint beyond traditional aerospace and defense sectors to include oil and gas sectors.
- This acquisition marks a strategic step forward in Raghu Vamsi Group's vision to expand its capabilities by moving up the value chain, providing high-precision products and solutions to critical industries worldwide.
- Raghu Vamsi Group aims to expand its portfolio to offer cutting-edge solutions that meet the highest standards of quality and precision to cater to the evolving needs of global OEMs.
- PMC Group has over 35 years of experience in critical manufacturing capabilities and supplies global oil and gas OEMs like SLB, Baker Hughes, and Halliburton.
- PMC Group's revenue is INR 180 Crore with manufacturing capabilities of complex parts and assemblies in nickel alloys up to 6 meters in length.
- This acquisition serves as a prime example of how Indian industries can expand their global footprint and compete at the highest levels, with an active support from Indian PSUs like MIDHANI and ARCI.
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