The Electrical and Automation business of Larsen and Toubro (L&T) has completed the share sale agreement for the acquisition of Thalest, the UK-based holding company of Servowatch System, Bond Instrumentation and Process Control and Servowatch Inc, USA.
Thalest is engaged in offering Integrated Platform Management System (IPMS) and Integrated Bridge System (IBS) solutions for naval warships and mercantile marine ships, vessels and floating systems. L&T’s Electrical and Automation business has been present in this space with marine electrical and automation solutions.
Recently, L&T Construction, the Engineering Construction and Contracts division of L&T won new orders valued over Rs 1,875 crore across various business segments in March 2012. Under the Power Transmission & Distribution IC, it has secured new orders in both domestic and international markets from reputed customers.
Company Name | CMP |
---|---|
Larsen & Toubro | 3499.10 |
Rail Vikas Nigam | 284.05 |
KEC International | 751.25 |
Kalpataru Projects | 1240.95 |
NCC | 245.55 |
View more.. |