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L&T signs agreement to divest UK Unit Servowatch Systems to Rolls-Royce

02 Dec 2020 Evaluate

Larsen & Toubro (L&T), through its wholly owned subsidiary -- Larsen & Toubro International FZE, has signed definitive agreements with Rolls-Royce's Power Systems Division, a global player in power systems for the strategic divestment of its UK-based integrated marine automation solutions provider Servowatch Systems.

A leading supplier of advanced and innovative integrated ship control systems, Servowatch Systems has grown into an internationally recognized provider of Marine Automation platforms over the past eight years of L&T's ownership.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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