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Larsen & Toubro’s wholly owned subsidiary, Tamco Switchgear, has acquired Henikwon Corporation.
Malaysia-based Tamco is a part of L&T’s Electrical & Automation (E&A) business.
Also based in Malaysia, Henikwon Corporation makes low voltage and medium voltage busduct systems. L&T said the Henikwon brand is globally recognised and offers products of international quality standards.
Busduct systems are enclosed metal units containing copper or aluminium busbars for the distribution of large amount of power between the components of a distribution system.
L&T said the Henikwon acquisition will bring a strong customer base of large corporations to Tamco.
Mr S. C. Bhargava, Chairman, Tamco Switchgear, said: “This acquisition will be complementary to the E&A portfolio and make comprehensive offerings for the building and infrastructure segments. It will further enhance our presence in South East Asia and in catering to Indian and Middle East markets.”
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