The current shareholders and the management team of LGM would continue to be actively involved in the business.

Antony Cherukara, V.P corporate strategy and Head Agriculture & Allied business commenting on the strategy said, "Kirloskar Oil engines Ltd. is the leader in diesel engines pump set business and has forayed into farm mechanization through the most awarded product for small farmers named ‘Mega T'.

The product has already gained wide acceptance as an alternate to the more expensive tractors across India. With this pump foray, KOEL intends to use its wide distribution network to increase sale and achieve leadership in the complete pump segment. La-Gajjar which sells "Varuna" brand of pumps will add to the portfolio of products in the KOEL Agriculture and Allied Business."

EY and PDS Legal were the M&A and legal advisors, respectively, for LGM. DSK Legal were the legal advisors for KOEL.

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