📋 Tender Overview
Larsen Toubro an Indian multi-national engaged in EPC projects Hi-Tech Manufacturing and Services announced today that the Groups engineering services company LTTS will acquire LTs Smart World Communication SWC Business.The Smart World Communication SWC Business was founded in 2016 to cater to the demands in smart cities smart utilities and digital infrastructure. Over the years it has touched 150 million urban lives running 25 smart city operation centers connecting 2 million assets and business applications encompassing the areas of end-to-end communications city surveillance and intelligent traffic management system for the Central Govt multiple State Govts as well as various enterprises. It has an employee base of over 700 engineers from diversified technology domains and has crossed an annual revenue of INR 1000 Crores.This acquisition will pave way for SWCs offerings to reach the global market leveraging LTTS global footprint. With end-to-end capabilities including design architect build operate SWCs portfolio will effectively augment LTTS offerings.SWC has a strong expertise in communications with network design planning implementation and management of Network Operations Center NOC Operational Support Systems OSS Datacenters Cloudprivate 5G networks at more than 25000 locations across India. SWC also has capabilities around public safety smart cities and smart metering for utilities. In Cybersecurity SWC has Full Lifecycle Threat Management capabilities with offerings in risk assessment threat monitoring security architecture design and DevSecOps.Commenting on the transaction Mr. S. N. Subrahmanyan Chief Executive Officer Managing Director Larsen Toubro Limited remarked Smart World Communication has created a niche for itself in the domains of communications cybersecurity and safe smart cities. SWCs combination with a global engineering services player like LTTS will help expand SWCs offerings across these areas and will help unlock new synergies for LTTS across the technology spectrum.The transaction is subject to customary closing conditions.
