L&T acquires Henikwon Corporation
Engineering giant Larsen & Toubro (L&T) acquired Malaysia-based electrical equipment manufacturer Henikwon Corporation.
The acquisition was made by L&T’s wholly-owned subsidiary Tamco Switchgear, a part of the engineering major’s electrical and automation (E&A) business.
Henikwon Corporation manufactures low and medium voltage bus duct systems.
Bus duct is a cost effective means of providing power and replaces the conventional cabling system.