Larsen & Toubro Limited has acquired Malaysia based Henikwon Corporation Sdn Bhd, a busduct systems manufacturer through its Malaysian subsidiary Tamco Switchgear.

The Henikwon acquisition brings a strong customer base of large corporations to Tamco.

Established in 1982, Henikwon Corporation is a leading manufacturer of Low Voltage (LV) and Medium Voltage (MV) busduct systems. Henikwon brand is globally well recognized and offers high quality products under compliance to international quality standards.

Henikwon's current product range comprises LV Sandwich Busduct systems from 400A to 6300A and MV Busduct Systems for ratings from 400A to 5000A. Busduct is a modern, efficient and cost effective means of providing motive power and replaces the conventional cabling system.

Tamco Switchgear is the wholly owned subsidiary of L&T and it is a part of Electrical & Automation business. It offers electrical distributions and control solutions in the medium voltage range to industries and utilities in South East Asia, Middle East & Africa and Australia. Tamco has manufacturing facility in Indonesia and Australia.

This acquisition will be complimentary E&A portfolio and make comprehensive offerings for the building and infrastructure segments.

L&T's electrical and automation business had acquired the switchgear business of Malaysia based Tamco Corporate Holdings for $107Mn in 2008. Post-acquisition, L&T retained the Tamco brand, management, staff and employees and only four expatriates were sent from India to work for Tamco.

The acquisition was in line with L&T's strategy to foray into the medium voltage electrical segment with an established brand, synergistic with L&T's strength in manufacturing of low-voltage switchgear products.

Recently in April, the E&A business of L&T acquired UK based Thalest Limited, the holding company of Serowatch Systems Ltd, Bond Instrumentation & Process Control Ltd and Servowatch Inc.

Thalest Ltd offers integrated platform management system (IPMS) and Integrated Bridge System (IBS) solutions for naval warships and mercantile marine ships, vessels and floating systems. L&T has been active in this space. L&T alongwith Servowatch supplies IPMS and IBS solutions to the Indian Navy.