Norican Group acquires Simpson Technologies

7 Oct 2022 , 10:07 AM

The Norican Group, which includes DISA India, ItalPresseGauss, StrikoWestofen, and Wheelabrator, has purchased Simpson Technologies, which specialises in sand mixing, chilling, handling, reclamation, and analytical equipment.

DISA India stated in its regulatory filing on Thursday, “Our parent business has notified us that Norican Group, the parent group company of DISA India Limited, has purchased Simpson Technologies. Simpson Technologies is a pioneer in the fields of sand mixing, cooling, handling, reclamation, and analysis.”

The 110-year-old family business is headquartered in Aurora, Illinois, and has subsidiaries in Germany and India. It has a large presence in both the foundry and chemical process industries.

The purchase is a natural expansion of Norican’s full-service foundry offering, bolstering its skills in sand preparation, reclamation, and laboratory testing.

The transaction was completed in early October for an undisclosed value. The current Simpson team is still in place. Bruce W. Dienst, President, and CEO of Simpson Technologies will take up leadership of all Norican activities in the North American area.

The Simpson brand will sit beside DISA, ItalPresseGauss, StrikoWestofen, and Wheelabrator, which cover moulding, diecasting, light metal melting/dosing, and shot blasting, as well as digital brand Monitizer.

At around 10.13 AM, Disa India was trading at Rs7,550.05 per piece, down by 0.4% from its previous closing of Rs7,580 on the BSE.

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