Advik Hi-Tech completes acquisition of Hanon Bangalore Operations ...Middle East

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Advik Hi-Tech completes acquisition of Hanon Bangalore Operations
source : Devdiscourse ( Middle East ) () 21
Automotive component maker Advik Hi-Tech on Monday announced the completion of the acquisition of the Hanon Bangalore Operations Pvt Ltd from Hanon Systems of South Korea. Hanon's Bengaluru facility currently manufactures automotive water and vacuum pumps for global vehicle manufacturers, with scope for expansion, the company said in a release. This acquisition is a strategic fit as it accelerates ADVIK Hi-Tech's global manufacturing and R&D expertise in the powertrain systems market, enabling it to deliver a comprehensive portfolio for pumps which includes oil, water and vacuum pumps for global vehicle manufacturers, ADVIK Hi-Tech said in a release. A part of the Pune-based around USD 100 m

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