Mon Nov 11 09:25:02 UTC 2024: ## Hyderabad-based Raghu Vamsi Group Acquires British Precision Machining Firm PMC Group
**Hyderabad, November 11, 2024:** Raghu Vamsi Group, a leading manufacturer of high-precision engineering components and sub-assemblies in Hyderabad, has acquired British precision machining firm PMC Group. The acquisition will propel Raghu Vamsi Group’s global footprint and expand its capabilities, particularly in the oil and gas sector.
PMC Group specializes in manufacturing components for the oil and gas industry, serving global OEM customers like SLB, Baker Hughes, and Halliburton. The acquisition will enable Raghu Vamsi Group, which primarily focuses on the aerospace and defense industry, to diversify its portfolio and enter the growing European market.
The acquisition, finalized for an initial enterprise value of £6.2 million, will see Raghu Vamsi Group invest in expanding PMC’s operations and capturing a larger share of the $1 billion oil and gas component market.
The deal was celebrated at a special program attended by high-profile figures, including Gareth Wynn Owen, Deputy High Commissioner of the UK, and Jayesh Ranjan, Telangana’s Special Chief Secretary for IT and Industries.
Mr. Owen praised the acquisition as a prime example of growing collaboration between the UK and India in advanced manufacturing and technology. Mr. Ranjan expressed his pride in witnessing a Hyderabad-based MSME, Raghu Vamsi Group, transform into a multinational company through the acquisition of PMC, a firm with over 100 years of history.
The acquisition is expected to bring significant synergies, combining Raghu Vamsi Group’s state-of-the-art manufacturing facilities in Hyderabad with PMC’s expertise in precision machining. This collaboration will drive innovation and allow the combined entity to deliver advanced engineering solutions for the oil and gas sector and beyond.
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