Posted by Liju Philip | Posted in Business, India, Investing, Investments, malaysia, World | Posted on 11-10-2007
India’s Larsen & Toubro Ltd said it is to acquire the de-merged switchgear business of Malaysia-based Tamco Corporate Holdings Bhd after entering into a share-sale agreement for an undisclosed sum.
The engineering, construction and technology company said it will also buy three of Tamco’s switchgear manufacturing subsidiaries — Tamco Shanghai Switchgear Co Ltd in China, Tamco Electrical Industries Australia Pty Ltd in Australia and PT Tamco Indonesia in Indonesia.
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