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