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GREENSBORO, N.C. -- Gilbarco Inc. completed the previously announced acquisition of the Petroleum Dispensing Pump (PDP) business unit of Larsen & Toubro Limited (L&T), located in Mumbai, India, according to a company release.
L&T is a leading industrial conglomerate, and the PDP business unit manufactures, sells, integrates and services petroleum dispensers, LPG equipment and automation systems solutions. It has a significant installed base of sites that spans both multi-national and regional oil companies, primarily in India, the company reported.
Gilbarco Inc. is wholly owned by Danaher Corp. and the acquisition is a reaffirmation of Danaher's interest in India and its commitment for long term growth. PDP will be joining fourteen other Danaher companies in India.