Kirloskar Oil Engines acquires La Gajjar Machineries' remaining stake.

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Kirloskar Oil Engines Limited (KOEL) said it would acquire the equity balance in LGM in Ahmedabad.

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The company acquired 76% of the company LGM in 2017.

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The balance will be acquired over a five-year period.

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After completing the acquisition, LGM will become a wholly-owned subsidiary of KOEL.

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KOEL will provide its expertise in channel, service, manufacturing, and R&D to help the company achieve this.

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KOEL manufactures diesel engines, farm machinery, and generator sets and has a significant presence in international markets.

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The company manufactures diesel engines for construction equipment.

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The company specializes in manufacturing engines for diesel generator sets of various power outputs.

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La-Gajjar manufactures pumps for submersion and monobloc use, with well-known brands Varuna and Raindrop.

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It has a distribution network throughout India. VDO.AI is powered by artificial intelligence

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