Larsen & Toubro, an Indian multi-national engaged in EPC projects, Hi-Tech Manufacturing and Services announced that the Group’s engineering services company, LTTS will acquire L&T’s Smart World & Communication (SWC) Business.
The Smart World & Communication (SWC) Business was founded in 2016 to cater to the demands in smart cities, smart utilities, and digital infrastructure. Over the years, it has touched 150+ million urban lives, running 25+ smart city operation centers, connecting 2 million assets and business applications encompassing the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Central Govt, multiple State Govts as well as various enterprises. It has an employee base of over 700 engineers from diversified technology domains and has crossed an annual revenue of INR 1,000 Crores, the statement said.
This acquisition will pave way for SWC’s offerings to reach the global market leveraging LTTS’ global footprint. With end-to-end capabilities including design, architect, build & operate, SWC’s portfolio will effectively augment LTTS’ offerings, according to the statement.
SWC has a strong expertise in communications with network design, planning, implementation, and management of Network Operations Center (NOC), Operational Support Systems (OSS), Datacenters, Cloud/private 5G networks at more than 25,000 locations across India. SWC also has capabilities around public safety, smart cities, and smart metering for utilities. In Cybersecurity, SWC has Full Lifecycle Threat Management capabilities, with offerings in risk assessment, threat monitoring, security architecture, design, and DevSecOps.
Commenting on the transaction, S. N. Subrahmanyan, Chief Executive Officer & Managing Director, Larsen & Toubro Limited remarked: “Smart World & Communication has created a niche for itself in the domains of communications, cybersecurity, and safe & smart cities. SWC’s combination with a global engineering services player like LTTS, will help expand SWC’s offerings across these areas and will help unlock new synergies for LTTS across the technology spectrum.”
Amit Chadha, CEO & Managing Director, L&T Technology Services said “The acquisition of SWC is a progression of LTTS’ 6 Big Bets strategy with a direct bearing on 5G, Digital Products & AI, and Sustainability. SWC’s capabilities will enhance LTTS’ differentiation in the exciting field of next-gen communications with cutting edge solutions around 5G networks, sustainable spaces, along with a full stack of cybersecurity solutions to our global clientele. The combined team of LTTS and SWC will take these offerings incubated in India to the World while bringing best practices to Indian and global customers. On behalf of all employees at LTTS, I express my gratitude to the L&T management for putting their confidence in us and extend a warm welcome to all our colleagues at SWC. Look forward to doing exciting transformational programs together”.
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