Abhijeet Pai's Pai Machines completes the Asset Purchase of the manufacturing facilities of L&T Construction Equipment Limited's Machinery Works
Dec 17, 2024
Bengaluru (Karnataka) [India], December 17: Pai Machines, a newly established brand of Infra Bazaar Tech Pvt Ltd (IBTPL) that deals in advanced machinery manufacturing, has completed the asset purchase of the machinery works manufacturing facilities of L&T Construction Equipment Limited division (LTCEL). As part of the transaction, a 70-member manufacturing team, including a 40-member product development/R&D team, have transitioned to Pai Machines. This transition was set in motion in June 2024 and since then Pai Machines has worked to integrate the manufacturing facilities and the team with its long-term strategy. This marks a significant expansion of Pai Machines into India's construction equipment segment.
