L&T to buy out Komatsu’s 50% stake in L&T-Komatsu

15 Apr 2013

Larsen & Toubro (L&T) would acquire 50% stake in L&T-Komatsu (LTK) held by Komatsu Asia & Pacific, a wholly-owned subsidiary of Komatsu (Komatsu), Japan. Pursuant to this buy-out, LTK will become a wholly owned subsidiary of L&T.

LTK will continue to manufacture construction equipment and hydraulic components. Komatsu will be responsible for the production of Komatsu equipment including hydraulic excavators.

As a result of this transaction, the companies expect to be able to provide premium products and services to customers, and maintain leadership position in construction & mining equipment business, offering state-of-the art machines with highest level of quality and latest designs from Komatsu. L&T will continue to be responsible for marketing, sales and product support in India for the Komatsu range of products, assuring customers of the highest level of support.

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