L&T Technology Services completed the smart world & communication business of L&T for $99m.

L&T Technology Services, a pure-play engineering services company, completed the smart world & communication business of L&T, an engineering services firm, for $99m. “Smart World & Communication has created a niche for itself in the communications and smart spaces domain across developing markets. By combining with a global engineering services player like LTTS, its offerings across next-gen networks, smart spaces, and cybersecurity will help unlock new synergies across the technology spectrum. LTTS is well-positioned to take these capabilities to the global market, cementing its robust leadership in the engineering and technology domain," S. N. Subrahmanyan, L&T CEO.