February 03, 2021
The fastrack merger scheme was introduced in the 2013 Companies Act istock AndreyPopov×
L&T Technology Services Ltd (LTTS), a subsidiary of business conglomerate Larsen & Toubro (L&T), is on the prowl in North America and European markets to acquire technology firms with sub-$50 million in annual revenues.
The firm is scouting for companies with expertise in software product development, healthcare product development, automotive software development and independent software vendors. Any acquisition in any of these areas would help the global pure-play engineering services company expand its capabilities in its existing industry verticals.
“As a technology and engineering company, LTTS is constantly looking at niche white spaces. At any given time, we have a portfolio of target companies in a number of new age domains. LTTS has a dedicated M&A team evaluating and looking into each of these sectors. For LTTS it is not the size of the acquisition but the techno