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Larsen and Toubro acquires British firm Thalest

India,Business/Economy, Thu, 05 Apr 2012 IANS

Mumbai, April 5 (IANS) Indian conglomerate Larsen & Toubro (L&T) Thursday said its electrical and automation unit has acquired Britain-based Thalest to use its technology for a variety of businesses.


L&T in a regulatory filing said Thalest's technology would not only help in marine application but also for other emerging segments.


"Thalest/Servowatch's deep understanding of the control and automation space will open new vistas in other markets and segments," said S.C. Bhargava, senior vice president and head of L&T Electrical and Automation


Thalest is the holding company of Servowatch Systems Ltd, Bond Instrumentation and Process Control Ltd and Servowatch Inc (USA).


It offers integrated platform management system and integrated bridge system solutions for naval warships and mercantile marine ships, vessels and floating systems.


L&T is spread over engineering, construction, manufacturing, information technology, and financial services.


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