Kirloskar Oil Engines acquires La Gajjar Machineries' remaining stake.

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

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

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

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

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

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

The company manufactures diesel engines for construction equipment.

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

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

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