DavyMarkham acquired

UK engineering firm 2398 DavyMarkham is now owned by Indian company, 1484 Hindustan Dorr Oliver (HDO). The Indian firm is a subsidiary of 1318 IVRCL Infrastructures & Projects and this acquisition provides HDO with an entry into the heavy engineering market. The size of the acquisition has not been revealed at this stage however. DavyMarkham is a well-established firm in the heavy engineering sector with a history going back 180 years and which has been active in the transportation market with expertise building large components weighing up to 350tonnes.