Business Standard

Telcon buys majority stake in Spanish firm

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BS Reporter Mumbai
 Last week, Telcon had bought over 79% stake in Serviplem SA, a global top six player in transit mixers, dry bulk tankers and pumps.

Lebrero was already dealing with Telcon over the past four years in sourcing components for its products, said a press release.

Telcon is a joint venture between Tata Motors and Hitachi Construction Machinery Company of Japan, which holds 40 per cent in the JV.

 

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First Published: Apr 04 2008 | 2:05 PM IST

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