Growth at Chinese die-cast machinery maker LK Technology Holdings Ltd will be driven by its recent Italian acquisition.
"Newly acquired Idra - a leading Italian die-casting machine maker - and expanding machine production capacity will fuel growth," ICEA (Industrial and Commercial East Asia Finance Holdings Ltd) said.
L.K. Technology Holdings Limited signed an agreement to acquire 70% stake in Idra S.r.l. from Idra Casting Machines Spa for €3.5 million in cash on March 3, 2008
