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L&T Technology Services (LTTS) wins USD 40 million Engineering Content Management (ECM) Deal in Europe

September 24, 2018

BENGALURU, India--(BUSINESS WIRE)--Sep 24, 2018--L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, today announced that it has won a multi-year deal to provide digital content management services to a leading technology company’s industrial products segment.

The deal is expected to run for a period of 5 years with an aggregate revenue potential of USD 40 million, covering Engineering Content Management (ECM) programs in the US and European regions.

LTTS will leverage centers in Europe, US & India while assuming complete ownership and talent to manage content for all current and future product suites for the customer. This would include technical design specifications, diagnostic solutions for service engineers and product training for customers & engineers, thereby supporting the entire ECM cycle from product conceptualization to developing digital content platforms.

“With engineering content becoming one of the cornerstones of digital transformation, this deal win highlights LTTS’ consulting capabilities to key customers in the US & European markets. LTTS will provide expertise and support in building content management capabilities with the help of new technologies such as AI & Virtual Reality, thereby enhancing the overall customer experience ,” said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Ltd.

About L&T Technology Services Limited:

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 52 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 13,000 employees spread across 16 global design centers, 27 global sales offices and 42 innovation labs as of June 30, 2018.

For additional information about L&T Technology Services log on to www.LntTechservices.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005348/en/

CONTACT: L&T Technology Services Limited

Aniruddha Basu, +91-80-67675173

Aniruddha.Basu@LntTechservices.com

KEYWORD: EUROPE ASIA PACIFIC INDIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE OTHER TECHNOLOGY MANUFACTURING ENGINEERING PROFESSIONAL SERVICES CONSULTING

SOURCE: L&T Technology Services Limited

Copyright Business Wire 2018.

PUB: 09/24/2018 06:30 AM/DISC: 09/24/2018 06:30 AM

http://www.businesswire.com/news/home/20180924005348/en

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