GMM Pfaudler buys assets of HDO Technologies in liquidation - The Hindu BusinessLine
GMM Pfaudler buys assets of HDO Technologies in liquidation Ahmedabad | Updated on March 16, 2021 GMM Pfaudler Limited has emerged as a successful bidder to acquire HDO Technologies Ltd’s assets in liquidation process. The technology process solutions provider will acquire the assets, including land, building, plant and machinery for a consideration of ₹58.46 crore. The acquisition will enhance capacity and augment the capabilities in heavy engineering for GMM Pfaulder. HDO Technologies Limited's manufacturing facility is spread across 11.9 acres in Vatva, Ahmedabad. The plant has seve...