Escorts Kubota Limited (NSEI:ESCORTS) agreed to acquire Rough Terrain (RT) Crane Business of Tadano Escorts India Private Limited on September 15, 2022. In related transaction, Tadano Limited agreed to acquire remaining 49% stake in Tadano Escorts India Private Limited from Escorts Kubota. The Board of Directors of Escorts Kubota Limited has today in-principally approved the transactions. As on November 4, 2022, the deal was valued at INR 165 million. Escorts Kubota to purchase Rough Terrain from Tadano Escorts India for lumpsum consideration of INR 165 million by way of slump sale on a going concern basis. As of year ended March 2022, turnover of Rough Terrain was INR 324.326 million.

Escorts Kubota Limited (NSEI:ESCORTS) completed the acquisition of Rough Terrain (RT) Crane Business of Tadano Escorts India Private Limited on November 5, 2022. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to Tadano Ltd.