Deals29 Jan 2025, 02:20 pm
L&T Technology Services Secures $80 Million Digital Engineering Transformation Deal in Sustainability Segment
AI Summary
L&T Technology Services Limited (LTTS) has been awarded a multiyear, $80 million deal with a US-based manufacturer of industrial products and solutions. This strategic partnership will accelerate the client’s digital transformation through the integration of advanced technologies, including connected products and the digital thread. LTTS will establish a dedicated Center of Excellence (CoE) in India, which will act as a global innovation hub enabling the client to focus on digital transformation and comprehensive product lifecycle management (PLM). This initiative is designed to support the client’s transformation journey and enable the expansion of their global footprint in new age and digital technologies.
Key Highlights
- LTTS secures a $80 million deal with a US-based manufacturer of industrial products and solutions.
- The deal aims to accelerate the client’s digital transformation through advanced technologies integration.
- LTTS will establish a dedicated Center of Excellence (CoE) in India as a global innovation hub.
- The CoE will support the client’s transformation journey and enable the expansion of their global footprint.
- The initiative is part of LTTS' 'Go Deeper to Scale Strategy', focusing on Purposeful. Agile. Innovation.