LTTS secures $80 mn digital engineering deal from US-based company

L&T Technology Services, an engineering and technology services provider, has signed an $80 million, multiyear agreement with a US-based industrial products manufacturer. The deal focuses on accelerating the client’s digital transformation by integrating connected products and digital thread technologies. 

As part of this agreement, LTTS will establish a Center of Excellence (CoE) in India. The CoE will serve as a global innovation hub, supporting the client’s digital initiatives and product lifecycle management. This effort aims to enhance the client’s operations and expand their presence in digital and emerging technologies. 

LTTS will apply its engineering expertise to help the client improve efficiency and innovation. The partnership aligns with LTTS’ plans to deepen engagements with customers and scale its solutions globally, the company said. 

Amit Chadha, CEO & Managing Director of L&T Technology Services and nasscom Executive Council Member, said, “By combining Artificial Intelligence (AI)-powered insights, digitally connected solutions, business-driven automation and our deep engineering expertise, we aim to enable the client to bring high-quality products to market faster, ultimately delivering greater value to their customers.” 

In August 2024, the company also outlined its goal to reach $3 billion in revenue by focusing on mobility, sustainability, and advanced technology. The company plans to expand its presence in green energy solutions and digital engineering to drive future growth.