L&T’s arm closes acquisition of Dell’s engineering services division

24 Nov 2014

L&T Technology Services, the wholly owned subsidiary of $14.3 billion Larsen & Toubro (L&T), has closed the acquisition of the assets of U.S.-based Dell Product and Process Innovation Services, the Engineering Services division of Dell. With the close of this acquisition, L&T Technology Services will provide one of the industry’s most comprehensive ER&D service offerings for transportation customers, through its global delivery centers in USA and India.

The transaction 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. Dell Engineering Services has delivery centers in Illinois, Iowa and Texas in the US and Bangalore and Hyderabad in India. The U.S. entity of Dell Engineering Services will be part of L&T Technology Services’ North America Offsite Delivery center. Headquartered in Peoria, Illinois, Dell Engineering Services has more than 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.

This 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.

Related Larsen & Toubro Ltd. Links:

Larsen & Toubro Share Price

889.30 38.95 (4.58%) Sep 25, 18:01
1 Year Price Chart
Company Name CMP
Larsen & Toubro 889.30
KEC International 317.10
Rail Vikas Nigam 19.30
NCC 33.95
Simplex Infrastruct. 29.60
View more..
Sensex vs Larsen & Toubro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719