Mindtree to acquire NxT Digital business of L&T.

Mindtree, a digital transformation and technology services company, agreed to acquire NxT Digital business of Larsen & Toubro, an Indian multinational technology, engineering, construction, manufacturing and financial services conglomerate. Financial terms were not disclosed. "There is a huge opportunity ahead as global manufacturers and industrial companies are increasingly adopting Industry 4.0 focused smart solutions, systems, and processes, but are struggling to leverage data and analytics to drive efficiency and competitive advantage," Larsen & Toubro, S. N. Subrahmanyan, CEO and Managing Director.