L&T buys Malaysian Tamco’s switchgear business

larsen and toubro

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.

Read rest of the article here.