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L&T Technology Services strikes $40 mn deal in Europe
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SME Times News Bureau | 24 Sep, 2018
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.
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.
"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.
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.
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.
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