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L&T surges as its arm plans to acquire Dell’s Engineering Services business

08 Oct 2014 Evaluate

Larsen & Toubro is currently trading at Rs. 1443.00, up by 28.35 points or 2.00% from its previous closing of Rs. 1414.65 on the BSE.

The scrip opened at Rs. 1405.00 and has touched a high and low of Rs. 1450.20 and Rs. 1400.00 respectively. So far 69709 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1774.70 on 09-Jun-2014 and a 52 week low of Rs. 817.00 on 09-Oct-2013.

Last one week high and low of the scrip stood at Rs. 1468.65 and Rs. 1405.45 respectively. The current market cap of the company is Rs. 133410.24 crore.

The institutions and non-institutions held 56.18% and 41.49% stake in the company, respectively.

Larsen & Toubro’s (L&T) - wholly owned subsidiary - L&T Technology Services, is planning to acquire the assets of US-based Dell Product and Process Innovation Services (formerly eServ), the Engineering Services division of Dell (Dell Engineering Services). The Competition Commission of India (CCI) has approved the proposed transaction and the company is now awaiting US regulatory approvals which are expected shortly.

The proposed transaction will significantly drive forward L&T Technology Services’ position as a premier Engineering Services provider by adding local delivery centers in North America. Dell Engineering Services also has delivery centers in Hyderabad and Bangalore in India. This enhances L&T Technology Services’ ability to offer differentiated technology solutions and full program management services by leveraging global-local talent base at any point in the product development cycle.

This proposed acquisition enables L&T Technology Services to consolidate its position as preferred vendor in the $4 billion Transportation ER&D market. The acquired assets will enable L&T Technology Services to leverage the customer base and complementary capabilities of Dell Engineering Services along with L&T Technology Services’ broader portfolio of Embedded and PLM offerings, supported by a global sales force. The closure of transaction is expected around this quarter, subject to certain regulatory approvals.

Headquartered in Peoria, Illinois, Dell Engineering Services has over 15 years of extensive experience in Mechanical Design & Analysis, Embedded Engineering, Applied Engineering, and Manufacturing Consulting across multiple industries and has long term relationships with marquee clients in North America, especially in the transportation industry.

 

Larsen & Toubro Share Price

4069.40 -25.55 (-0.62%)
20-Apr-2026 11:22 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4069.40
Rail Vikas Nigam 299.85
NCC 160.85
KEC International 564.50
Kalpataru Projects 1231.10
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