Kirloskar Oil Engines has acquired 76% of equity shares of La-Gajjar Machineries as per terms of Share Purchase Agreement dated June 21, 2017. La-Gajjar Machineries will now be a subsidiary of the company with effect from August 1, 2017.
Kirloskar Oil Engines manufactures diesel engines in the range of 2 Kva to 6 MW. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants.