The Hi-Tech Gears Limited (BSE:522073) entered into an agreement to acquire Teutech Industries INC. Canada and Teutech Industries LLC. USA for CAD 58 million on January 20, 2017. As of February 28, 2017. Integrated Asset Management Corp. and its private corporate debt group, IAM Private Debt Group, closed a CAD 35-million senior term loan for financing of the transaction. The consolidated revenue for Teutech Industries INC. Canada and Teutech Industries LLC. USA was CAD 54.1 million in 2016. The transaction is expected to close on February or March 2017. Gowling Wlg (Canada) LLP acted as legal advisor to The Hi-Tech Gears Limited. The Hi-Tech Gears Limited (BSE:522073) completed the acquisition of Teutech Industries INC. Canada and Teutech Industries LLC. USA on March 1, 2017.