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Mergers & Acquisitions | 4 April 2012

L&T's Electrical Business Acquires UK based Thalest Limited

by Charmi Gutka
L&T's Electrical Business Acquires UK based Thalest Limited
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The Electrical & Automation business of Larsen & Toubro has acquired UK based Thalest Limited, the holding company of Serowatch Systems Ltd, Bond Instrumentation & Process Control Ltd and Servowatch Inc. Terms of the transaction were not disclosed.

Thalest Ltd offers integrated platform management system (IPMS) and Integrated Bridge System (IBS) solutions for naval warships and mercantile marine ships, vessels and floating systems. L&T has been active in this space. L&T alongwith Servowatch supplies IPMS and IBS solutions to the Indian Navy.

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