Pai Machines acquires L&T Construction Equipment’s manufacturing facilities

Bengaluru-based Pai Machines , a subsidiary of Infra Bazaar Tech Pvt Ltd, has completed an asset purchase of L&T Construction Equipment Ltd’s manufacturing facilities. The acquisition includes a plant with a production capacity of 1,800 units and a 70-member team, including a 40-person product development group.The transaction enables Pai Machines to enter the construction equipment market with machines ranging from 25 to 75 lakhs in value.