JJG Aero secures $12m funding from CX Partners
Indian aerospace components manufacturer, JJG Aero, has secured $12m in inaugural funding from CX Partners.
Seco tools acquires AOB
Seco Tools has acquired 100% of the shares in AOB, a French manufacturer of PCD (Poly Crystalline Diamond) cutting tools.
Based in Mortagne-sur-Sevre near Nantes, France, AOB is one of the leading suppliers of PCD tools to the aerospace industry and has special expertise and experience in machining of composite materials.
“We are delighted at the opportunity to advance our position in the strategically important aerospace industry,” said says Kai Wärn, president and CEO of Seco Tools. “The acquisition will further strengthen the high-tech capability on which our customer relationships are based.”
The acquisition is expected to be completed in July.
www.secotools.com
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