Larsen & Toubro Technology Services (LTTS) says that the acquisition of its parent company L&T's Smart World & Communication (SWC) business will add to its 5G, data centre creation, and cybersecurity portfolios.
Amit Chadha, MD & CEO of LTTS, said these were the missing blocks in the company’s business which SWC will help build. The L&T group set up the SWC business in 2016 to cater to the demands in smart cities, smart utilities, and digital infrastructure, and has Rs 1,000 crore in annual revenue now.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 49 innovation labs as of September 30, 2019.