L&T Infotech acquires US company
Larsen and Toubro Infotech (L&T Infotech) has signed an agreement to acquire GDA Technologies and all its design centers in the US and India.
By PTI |
MUMBAI: Larsen and Toubro Infotech (L&T Infotech) has signed an agreement to acquire GDA Technologies and all its design centers in the US and India.
All the three GDA founders would in the L&T Infotech management team and would help drive the product engineering service business to the next level, Larsen and Toubro informed the Bombay Stock Exchange.
L&T Infotech, subsidiary of Larsen and Toubro signed the definitive agreement regarding the acquisition on Wednesday.
"GDA's electronic design capabilities are a key building block in our roadmap towards creating end-to-end solution delivery capability for our global customer base. Such acquisitions are an integral part of our strategic plan to strengthen our presence in the IT consulting and services space," L&T Infotech Chairman A M Naik said.
However, the company did not disclose the financial details of the deal.
GDA, a privately held electronic design firm the US, has over 350 employees in America and India. It has over 100 customers in the US, Japan and India.
All the three GDA founders would in the L&T Infotech management team and would help drive the product engineering service business to the next level, Larsen and Toubro informed the Bombay Stock Exchange.
L&T Infotech, subsidiary of Larsen and Toubro signed the definitive agreement regarding the acquisition on Wednesday.
"GDA's electronic design capabilities are a key building block in our roadmap towards creating end-to-end solution delivery capability for our global customer base. Such acquisitions are an integral part of our strategic plan to strengthen our presence in the IT consulting and services space," L&T Infotech Chairman A M Naik said.
However, the company did not disclose the financial details of the deal.
GDA, a privately held electronic design firm the US, has over 350 employees in America and India. It has over 100 customers in the US, Japan and India.
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