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L&T buys Malaysia’s Henikwon Corporation

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TNI Bureau: India’s largest engineering and construction company Larsen & Toubro (L&T) has acquired Malaysia-based electrical equipment maker Henikwon Corporation.

The significant acquisition was made by L&T’s wholly-owned subsidiary Tamco Switchgear, which is head-quartered in Malaysia, for an undisclosed amount.

Malaysia’s Henikwon Corporation is a leading manufacturer of low and medium busduct systems, which are cost effective means of providing power replacing the conventional cabling system.

The acquisition by L&T would bring benefits for Tamco, which is a part of L&T’s electrical and automation (E&A) business.

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