# Escorts Ltd transfers RT Crane business to Tadano joint venture

Escorts Ltd executed a business transfer agreement to sell its existing RT Crane business to its Japanese joint venture partner Tadano on a slump sale basis for Rs 35 crore. The JV was formed in August 2018 with an initial investment of Rs 60 crore.

- Type: Acquisition
- Announced: 2018-12-07
- Where: India
- Value: $4.90M (350.0M INR)
- Status: announced
- Products: rough terrain cranes, truck mounted cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Escorts](https://endata.com/companies/19266.md)
- [Tadano](https://endata.com/companies/15119.md) (acquirer)

## Sources

- [autocarpro.in](https://www.autocarpro.in/news-national/escorts-ltd-to-sell-rt-crane-business-to-japanese-jv-partner-tadano-41518), 2018-12-07: "Escorts Ltd will transfer its existing RT Crane business to the JV as a going concern on a slump sale basis for Rs 35 crore."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.