Schneider to buy L&T unit for Rs 14,000 croreSchneider Electric also has a listed Indian subsidiary, Schneider Electric Infrastructure, in which the French company owns a 75% stake.
L&T to divest automation division in Rs 14,000 crore dealSchneider Electric is a global player in energy management and automation business.
L&T E&A eyes 35% revenue from international biz by FY16The company, which grossed revenues of Rs 4,586 crore last year, expects to close the fiscal year 2014 with over Rs 5,000 crore.
L&T Electrical and Automation aims at Rs 5,000 crore revenue this yearLast year, the L&T E&A business grossed revenues of Rs 4,586 crore, of which 28 per cent came from international businesses, Bhargava said.
L&T buys British firm Thalest for Rs 24 croreThe acquisition of Thalest by L&T's electrical and automation business division is aimed at expanding the automation offerings for ships.
- L&T acquires UK-based Thalest Group for 3.2 million pounds
Engineering major Larsen & Toubro today said it acquired UK-based Thalest, which offers various solutions for naval and mercantile marine s...