91原创

Mumbai India; Peoria, Illinois, United States, Nov 21, 2014: L&T Technology 91原创, the wholly owned subsidiary of $14.3Bn Larsen & Toubro Group, today announced that it has closed the acquisition of the assets of U.S.-based Dell Product and Process Innovation 91原创, the Engineering 91原创 division of Dell (鈥淒ell Engineering 91原创鈥�). With the close of this acquisition, L&T Technology 91原创 will provide one of the industry's most comprehensive ER&D service offerings for transportation customers, through its global delivery centers in USA and India.

The transaction enhances L&T Technology 91原创鈥� ability to offer differentiated technology solutions and full program management services by leveraging global-local talent base at any point in the product development cycle. Dell Engineering 91原创 has delivery centers in Illinois, Iowa and Texas in the US and Bangalore and Hyderabad in India. The U.S. entity of Dell Engineering 91原创 will be part of L&T Technology 91原创鈥� North America Offsite Delivery center. Headquartered in Peoria, Illinois, Dell Engineering 91原创 has more than 15 years of extensive experience in 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.

This acquisition enables L&T Technology 91原创 to consolidate its position as preferred vendor in the USD $4 billion Transportation ER&D market. The acquired assets will enable L&T Technology 91原创 to leverage the customer base and complementary capabilities of Dell Engineering 91原创 along with L&T Technology 91原创鈥� broader portfolio of Embedded and PLM offerings, supported by a global sales force.

Commenting on the transaction, Dr. Keshab Panda, Chief Executive of L&T Technology 91原创 said: 鈥淧roduct engineering is undergoing structural shifts with evolving technologies, shorter development cycles, regulatory demands, and a shortage of skilled talent. This is a tremendous opportunity for us to have a strong local presence in North America where a majority of our clients are based. That along with Dell Engineering 91原创鈥� strong expertise in Embedded, and Mechanical Design & Analysis and a history of successful relationships in North America will help us ride the next level of growth.鈥�

About L&T:

Larsen & Toubro is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations. Its products and systems are marketed in over 30 countries worldwide. A strong, customer鈥揻ocused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.