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L&T Infotech concludes acquisition of AuementlQ Data Sciences

Date: 01-12-2016

Larsen & Toubro Infotech (L&T Infotech) has concluded the acquisition of one hundred percent equity shareholding in AuementlQ Data Sciences, Pune on November 30, 2016.

Earlier in November, the company has been awarded a five-year contract by Hartford Steam Boiler (HSB), a leading specialty insurer with 150 years of industry leadership in equipment breakdown insurance and a subsidiary of Munich Re.

L&T Infotech, a subsidiary of engineering & construction major Larsen & Toubro, figures among India’s top 10 IT service providers. It is currently looking to pursue strategic acquisitions in Germany and France to enhance capabilities and address gaps in language capability, industry & technical expertise and geographic coverage in these countries.