# Tadano makes Tadano Escorts India a wholly owned subsidiary

Tadano Ltd. agreed to acquire the remaining 49% stake in Tadano Escorts India Pvt. Ltd. from Escorts Kubota Limited, making TEI a wholly owned subsidiary. The joint venture's development and production of India-market lifting equipment will be discontinued.

- Type: Acquisition
- Announced: 2022-09-15
- Where: Gurugram, Haryana, India
- Status: announced
- Products: lifting equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Tadano](https://endata.com/companies/15119.md) (acquirer)
- [Escorts Kubota Limited](https://endata.com/companies/65322.md) (target)
- [Tadano Escorts India Pvt. Ltd.](https://endata.com/companies/65323.md) (target)

## Sources

- [tadano.com](https://www.tadano.com/india/en/news/tadano-escorts-india-pvt-ltd-becomeswholly-owned-subsidiary-of-parent-company-tadano-ltd/), 2022-09-15: "Tadano Ltd. will make TEI into a wholly owned subsidiary by taking over all 49% of the joint venture shares belonging to EKL."

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