Partnership2 May 2024, 02:30 pm
FORVIA and L&T Technology Services Enter €45M Strategic Partnership for Ultra-low Emissions Engineering in Germany and India
AI Summary
L&T Technology Services and FORVIA have signed a €45M strategic partnership for engineering development activities for FORVIA's Clean Mobility division. About 300 engineers from FORVIA's sites in Germany and India have transferred to L&T Technology Services under this deal, securing their skills and employment. The partnership aims to support FORVIA in addressing the evolving automotive landscape, enhance the engineers' skillsets, and provide engineering services.
Key Highlights
- €45M strategic partnership signed between L&T Technology Services and FORVIA
- Approximately 300 engineers transferred from FORVIA to L&T Technology Services
- Enhancement of engineers' skillsets via LTTS' extensive portfolio
- Secure employment for transferred engineers
- Provision of engineering services to FORVIA