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| L&T to buy out Komatsu’s 50% stake in L&T-Komatsu Larsen & Toubro (L&T), India's biggest engineering company, announced that it would acquire 50% stake in L&T-Komatsu Limited (LTK) held by Komatsu Asia & Pacific Pte Ltd, a whollyowned subsidiary of Komatsu Ltd. (Komatsu), Japan. With this buy-out, LTK will become a wholly owned subsidiary of L&T. LTK will continue to manufacture construction equipment and hydraulic components. Komatsu will be responsible for the production of Komatsu equipment including hydraulic excavators. write your comments about the article :: © 2013 Construction News :: home page |