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L&T Technology Services Limited — M&A Activity 2020
Oct 3, 2020
59063_rns_2020-10-03_054ea50b-5f41-4973-bb15-2b46caa85ce2.pdf
M&A Activity
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L&T Technology Services Limited L&T Business Park, TC 2 Tower B, Second floor, North East Wing, Gate no.5, Saki Vihar Road, Powai, Mumbai – 400072 www.ltts.com
October 3, 2020
National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Bandra (East), Mumbai-400 051 NSE Symbol: LTTS
The BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 BSE Script Code: 540115
Dear Sirs,
- Subject: L&T Technology Services announces completion of Orchestra Technology acquisition
L&T Technology Services Ltd, a leading global pure-play engineering services company, has completed the acquisition, effective October 02, 2020, of Dallas, Texas-based Orchestra Technology Inc., a specialist technology solutions provider for the telecom industry.
The acquisition is in accordance with the terms set out in the agreement announced by the company on July 16, 2020. Orchestra will help bolster LTTS’ offerings in the areas of Network Engineering & Enterprise Mobility and open up new opportunities in next generation digital systems for 5G and IoT networks.
Following this transaction, Orchestra has become a wholly owned subsidiary of LTTS.
Thanking You,
Yours sincerely,
For L&T Technology Services Limited
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Kapil Bhalla Company Secretary M. No. F3485
Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA, Tel: +91 22 6752 5656 Fax: +91 22 6752 5893 CIN : L72900MH2012PLC232169
L&T Technology Services is a subsidiary of Larsen & Toubro Limited