L&T Services to Acquire Its Parent Companys Smart World & Communication for INR 800 Cr

L&T Technology Services will acquire larsen & toubro Smart World & Communication(SWC)Business in an allcash deal worth Rs.800 crore. Smart World & Communication (SWC) was established in 2016 to meet the needs of smart cities, address opportunities, and provide smart solutions in the areas of end-to-end communications, city surveillance, and intelligent traffic management systems for the government and businesses. In a regulatory filing, LTTS mentioned "Rs.800 crore, subject to customary working capital adjustments as set forth in the agreement" as the purchase price. SWC employs over 700 engineers from

various technology domains and has surpassed an annual revenue of Rs.1,000 crores, according to LTTS.

In A Regulatory Filing, Ltts Mentioned "Rs.800 Crore, Subject To Customary Working Capital Adjustments As Set Forth In The Agreement" As The Purchase Price

According to the statement, SWC has expertise in Next-Gen Communications and has been instrumental in the network design, planning, implementation, and management of over 25,000 locations across India, including Network Operations Center (NOC), OSS, Datacenter, Cloud/Private 5G. SWC has also installed 6 million smart metres in states such as Uttar Pradesh, Haryana, and Delhi. SN Subrahmanyan, CEO and Managing Director of Larsen & Toubro Limited, stated that by combining with a global engineering services player like LTTS, SWC offerings across nextgen networks, smart spaces, and cyber security will help unlock new synergies across the technology spectrum.