Mumbai: L&T Technology Services, a wholly-owned arm of engineering major Larsen & Toubro Group, on Wednesday said it will be acquiring the assets of the US-based Dell Product & Process Innovation Services (formerly eServ), the engineering services division of Dell.
While the deal has been approved by the Competition Commission of India (CCI), the company is awaiting US regulatory approvals which are expected shortly, the city-based company said in a statement issued from Peoria, Illinois, US. The deal is likely to be closed this quarter itself. The company did not disclose the value of the deal.
The strategic acquisition will strengthen L&T Technology Services' global position in the $4 billion transportation engineering research & development market and will help widen its reach in with the new local delivery center in North America.
Dell Engineering Services has delivery centers in Hyderabad and Bangalore as well.
Headquartered in Peoria, Illinois, Dell Engineering Services is a 15-year-old company and is into mechanical design & analysis, embedded engineering, applied engineering, and manufacturing consulting across multiple industries and has long term relationships with marquee clients in North America, especially in the transportation industry.
L&T Technology Services is a wholly-owned subsidiary of L&T with focus in the engineering services space, partnering with many of the Fortune 500 companies globally.
It offers design and development solutions throughout the entire product development chain across various industries like industrial products, medical devices, transportation, telecom and hi-tech and process industry.
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