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    Bapuji Patil in News

    13-Jan-2023 04:55 AM


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    L&T Technology to acquire parent's Smart World & Communication business

    With the acquisition, L&T Technology Services hopes to take offerings in next-gen communications, sustainable spaces and cybersecurity to the global market.
    Smart World & Communication was founded in 2016 to cater to the demands of smart cities.
    The acquisition of SWC by LTTS will enhance digital offerings in next-gen communications, sustainable spaces and cybersecurity.
    With an employee base of over 700 engineers from a variety of technology domains and an annual revenue of Rs 1,000 crore, SWC has assisted multiple state governments in India with network operating centres and network management systems in establishing end-to-end network connectivity projects such as TANFINET and Telangana Fiber Grid.
    “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,” Amit Chadha, CEO & Managing Director, L&T Technology Services, said.
    Source:- CNBCTV18
    #L&Ttechnology