Larsen & Toubro (L&T) has signed a definitive agreement on January 16, 2019 to acquire Ruletronics (UK), Ruletronics Systems Inc. (US) and Ruletronics Systems. The acquisition is subject to customary closing conditions which are expected to get completed within 8 weeks.
Acquisition of Ruletronics will strengthen the company's rapidly growing digital business with a suite of capabilities in Pega implementation in establishing BPM Roadmap & Strategy, customer services, RPA and decisioning. The enterprise value payable for the acquisition of 100% share capital of Ruletronics is $7.48 million, including up-front consideration and earn-outs.
Ruletronics is a pure play Pega consulting and implementation company providing innovative BPM and CRM solutions to customers across insurance, banking, healthcare and retail segments.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.