Escorts is likely to merge three Group companies into its flagship firm Escorts subsequent to a decision taken by the board of directors at its meeting held on February 14, 2012. All assets and liabilities of the three companies that are Escorts Construction Equipment (an Escorts subsidiary), Escorts Finance and Investments and Escotrac Finance Investments and Leasing will become a part of Escorts with retrospective effect from the appointed date of October 1, 2011.
The proposed merger will help the Group to streamline the business structure and to create a single robust entity, which will carry on the businesses that are integrated and complimentary in nature.
Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. It also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.
