Indo-MIM acquires CMG Technologies to expand presence in UK and EU Metal Injection Moulding markets
July 18, 2023
Indo-MIM, a supplier of both Metal Injection Moulding and metal Additive Manufacturing components headquartered in Bangalore, India, has announced that it has acquired CMG Technologies, a leading MIM producer based in Woodbridge, Suffolk, UK.
It was stated that CMG’s team of directors and employees will remain the same, with the business expected to grow substantially thanks to the resources that Indo-MIM will provide.
In addition to Metal Injection Moulding, CMG has sinter-based metal Additive Manufacturing capabilities, as well as offering debinding and sintering services
The acquisition of CMG looks to further expand Indo-MIM’s penetration of European defence, medical and consumer markets by providing on-shore manufacturing supported by a robust overseas supply chain that encompasses all key aspects of the MIM process. It also aims to bolster Indo-MIM’s current manufacturing presence in India and the USA through this added presence in the UK.
Indo-MIM added that it intends to further enhance its manufacturing presence in the EU, USA, South America and South East Asia in the coming years, as it moves to better serve global markets using its advanced manufacturing technologies. The company added that this growth will be accomplished via both acquisitions and green field investments.
