Mold Tek Technologies Ltd, a leader in Engineering and Packaging services, has entered into a 'Asset Purchase Agreements' for acquisition of Assets and Business of RMM Global, Ohio, UAS and its associate Company TechNet Engineering Services Pvt. Ltd., Mumbai for a total Sales consideration of US$700,000.

It may be noted that RMM Global and TechNet are well established in providing Structural Steel Detailing Services for last 8 years for their Clients in USA.

While on the other hand, TechNet has more than 80 experienced Engineering resources while RMM has more than 25 long term clients in USA. The Sales turnover of RMM in the year 2008 is around US$1.50 million.

The scrip of the company gained 3 per cent to Rs 26.20 at the close of Thursday's trading with over 4900 shares changing hands on the BSE.