In order to build capabilities and access to newer markets in West Asia and Asia Pacific, L&T Infotech, a wholly-owned subsidiary of Larsen & Toubro, is reportedly planning to acquire Infrastructure Management Services (IMS) firms globally. The company is also investing automated service delivery for better productivity of its employees and earns better margins as it faces cost pressures in the market from larger peers. The company has already entered into several partnership to offer digital services to its clients and wants to buy out firms that can enhance its market size in the IMS space.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $15 billion in revenue. It operates in over 30 countries worldwide.
