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LTTS inks agreement to acquire 100% stake in Graphene

07 Sep 2018 Evaluate

L&T Technology Services (LTTS) has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services (Graphene) by way of an all cash deal. The transaction is expected to be consummated by October 2018. Graphene's strong offshore presence, coupled with expertise in complete VLSI Chip Design & Embedded Software will be a force multiplier for LTTS and will enhance the company’s capabilities in the Semiconductor & Product OEM space.

Graphene is one of the fastest growing companies in the Semiconductor Services domain with a presence in India, Singapore, Taiwan, and Malaysia.

LTTS is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.

Peers
Company Name CMP
TCS 2493.00
Infosys 1166.10
HCL Technologies 1432.00
Wipro 198.25
Tech Mahindra 1821.05
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