L&T acquires Spectrum Infotech
L&T has entered into a MoU for acquiring 100% shareholding of Bangalore-based Spectrum Infotech Pvt Ltd.india Updated: Feb 03, 2006 17:13 IST
Larsen and Toubro Limited (L&T) has entered into a memorandum of understanding for acquiring 100 per cent shareholding of Bangalore-based defence electronics and aerospace research and development company Spectrum Infotech Pvt Ltd.
The acquisition is in line with L&T's strategy to strengthen its position in the area of defence electronics, avionics and will be managed under the company's newly launched Strategic Electronics Centre in Bangalore, focusing on defence electronics, avionics, and aerospace solutions, the company said in a release.
Spectrum Infotech focuses on technology and product development in embedded computation, control and signal processing, for both hardware and software and is currently engaged in design and development of prototype sub-systems and units, it said.
"Spectrum's expertise complements L&T's strengths in defence electronics and avionics with a focus on entire systems and weapon platforms," it said adding the client base for the company includes defence research and development laboratories and defence public sector units.
First Published: Feb 03, 2006 17:13 IST