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.
Company Name | CMP |
---|---|
Larsen & Toubro | 3618.15 |
Rail Vikas Nigam | 284.30 |
KEC International | 726.85 |
Kalpataru Projects | 1172.40 |
NCC | 250.65 |
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