L&T's Malaysia arm Tamco Switchgear acquires electrical equipment maker Henikwon Corporation

MUMBAI: Larsen & Toubro on Tuesday said that its Malaysia-based subsidiary Tamco Switchgear has acquired electrical equipment maker Henikwon Corporation.

The company did not disclose the financial consideration for the deal.

Henikwon Corporation is a manufacturer of low voltage and medium voltage busduct systems. "Henikwon brand is globally well recognized and offers high quality products under compliance to international quality standards. The Henikwon acquisition brings a strong customer base of large corporations to Tamco," L&T said.

Speaking on the acquisition, Chairman of Tamco Switchgear, S. C. Bhargava said, "This acquisition will be complementary to the electrical and automation 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."