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MoneyWorks4Me

L&T’s arm enters into SPA to acquire stake in Intelliflux Controls Inc

21 Dec 2021 Evaluate

Larsen & Toubro’s (L&T) wholly owned subsidiary -- Larsen & Toubro International FZE (ITIFZE), has entered into a Share Purchase Agreement (SPA) on December 20, 2021 to acquire, stake in Intelliflux Controls Inc., a Delaware Corporation. The main aim of acquisition is to improve analytics, design capabilities for WTP/ STP. Intelliflux Controls Inc, a Delaware Corporation, is an integrated water analytics platform that uses Al/ ML to optimize plant performance.

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

Peers
Company Name CMP
Larsen & Toubro 4185.30
Kalpataru Projects 1370.45
NCC 130.90
Rail Vikas Nigam 201.60
KEC International 333.45
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