Technology

L&T Technology Services strikes $40 million deal in Europe

Updated : September 24, 2018 04:57 PM IST

The deal is expected to run for a period of five years with an aggregate revenue potential of $40 million, covering Engineering Content Management (ECM) programmes in the US and European regions, LTTS said in a statement, without disclosing the name of the company with which it had struck the deal.

Vadodara, Gujarat-headquartered LTTS said it would leverage centres in Europe, US and India while assuming complete ownership and talent to manage content for all current and future product suites for the customer.

L&T Technology Services strikes $40 million deal in Europe

Global engineering services company L&T Technology Services Limited (LTTS) on Monday said it had won a multi-year deal to provide digital content management services to a leading European technology companys industrial products segment.

"With engineering content becoming one of the cornerstones of digital transformation, this deal win highlights LTTS' consulting capabilities to key customers in the US and European markets," said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Ltd.

This would include technical design specifications, diagnostic solutions for service engineers and product training for customers and engineers, thereby supporting the entire ECM cycle from product conceptualisation to developing digital content platforms, the statement added.

"LTTS will provide expertise and support in building content management capabilities with the help of new technologies such as AI & Virtual Reality, thereby enhancing the overall customer experience," Panda added.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more