Mumbai: Larsen & Tubro's has acquired Malaysia based busduct systems manufacturer Henikwon Corporation Sdn Bhd, a through its Malaysian subsidiary Tamco Switchgear for an undisclosed amount bringing a strong customer base of large corporations to Tamco.
"Henikwon provides a wide range of standard and custom-designed Busduct solutions. This acquisition will be complementary to the E&A portfolio and make comprehensive offerings for the building and infrastructure segments," said S C Bhargava, chairman Tamco Switchgear adding that it will further enhance our presence in South East Asia and in catering to Indian and Middle East markets.
Henikwon brand is globally well recognized and offers high quality products under compliance to international quality standards.
Henikwon's current product range comprises LV Sandwich Busduct systems from 400A to 6300A and MV Busduct Systems for ratings from 400A to 5000A.
Busduct is a modern, efficient and cost effective means of providing motive power and replaces the conventional cabling system, said a L&T statement.
Tamco Switchgear is the wholly owned subsidiary of L&T and it is a part of electrical and automation business and it offers electrical distributions and control solutions in the medium voltage range to industries and utilities in South East Asia, Middle East & Africa and Australia. Tamco has manufacturing facility in Indonesia and Australia.
L&T had acquired the switchgear business of Malaysia based Tamco Corporate Holdings for $107 million in 2008. Post-acquisition, L&T retained the Tamco brand, management, staff and employees and only four expatriates were sent from India to work for Tamco.
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