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Coimbatore
L&T exits from Coimbatore-based Salzer
August 13, 2015
Larsen & Toubro (L&T) has exited from its investment in the city-based Salzer Electronics Ltd., and the divestment was concluded last week.
“Our exit from Salzer is part of a regular treasury transaction. We shall continue with our business relationship as usual,” Senior Vice-President and the Head of L&T Electrical & Automation, S. C. Bhargava said today.
L &T’s business relationship with Salzer started in 1993 for marketing, sales and distribution of rotary switches and cable ducts, Bhargava said.
