Bengaluru, NFAPost: L&T Technology Services Ltd, a leading global pure-play engineering services company, has completed the acquisition of Dallas, Texas-based specialist technology solutions provider for the telecom industry Orchestra Technology Inc.
The deal came to effect from October 02, 2020. The acquisition is in accordance with the terms set out in the agreement announced by the company on July 16, 2020.
Orchestra will help bolster LTTS’ offerings in the areas of Network Engineering & Enterprise Mobility and open up new opportunities in next-generation digital systems for 5G and IoT networks.
Following this transaction, Orchestra has become a wholly-owned subsidiary of LTTS.
LTTS is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. The company offers consultancy, design, development and testing services across the product and process development life cycle.
The company has a customer base of 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries.
Headquartered in India, LTTS has over 16,600 employees spread across 17 global design centres, 28 global sales offices and 51 innovation labs as of June 30, 2020.
