Tube Investments forays into metal injection molding

Tube Investments of India Ltd., a part of the Murugappa Group, has agreed to buy 87 per cent equity stake in Orange Koi Private Ltd. through a combination of primary infusion and secondary acquisition, in one or more tranches, for a total sum of up to Rs 73 crore.

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The acquisition marks the company’s strategic entry into the metal injection molding business.

The proposed acquisition aligns with TII’s long-term growth strategy, as it continues to diversify into adjacent business segments that complement its core strength, the company said.

Currently, Orange Koi is engaged in manufacturing precision parts using specialized technologies, including metal injection molding and additive manufacturing. The proposed investment will support Orange Koi’s expansion plans, including increasing its manufacturing capabilities, it added.

“By combining TII’s engineering expertise and strong customer relationships with Orange Koi’s cutting-edge specialized technologies and deep culture of innovation, we are building a formidable platform that will deliver substantial value to our customers, while strongly positioning us at the forefront of next-generation precision manufacturing,” Mukesh Ahuja, Managing Director of TII, said.

 

 

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