Dormer Pramet agrees to acquire business of India-based Miranda Tools

By OEM Update Editorial June 27, 2020 5:23 pm IST

Dormer Pramet has agreed to acquire the business of India-based Miranda Tools, a manufacturer of High-Speed Steel (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.

The acquisition enhances Dormer Pramet’s production capabilities with a proven manufacturing platform and further strengthens the company’s round tools offer for the general engineering, automotive component manufacturing and MRO industries.

Dormer Pramet is a global manufacturer with more than 20 sales offices around the world, including in New Delhi, supporting sales to more than 90 markets. Miranda, which employs more than 580 people, offers a varied product portfolio including drills, taps, milling cutters tool bits and saws.