/ L&T Technology Services Announces Completion Of Esencia Acquisition ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 1 June 2017

L&T Technology Services Limited (LTTS) an engineering services company today announced the completion of the acquisition of Esencia Technologies, a provider of design services from specification to final product in Digital Signal Processing for Communications, Video, Security and Networking.

SanJose- based Esencia will become a subsidiary of LTTS. 

On May 3, 2017 LTTS had signed a definitive agreement to acquire Esencia to deepen its offerings to global customers in the realm of wireless connectivity solutions, perceptual computing, Internet of Things and Advanced Silicon Products.

The Esencia acquisition brings huge cross leverage potential adding synergistic business to LTTS, enabling the company to offer high end VLSI and ASIC services to its global customers across hi-tech and semiconductor industries .

With LTTS & Esencia coming together, the VLSI / Embedded expertise of the combined team will help LTTS go after larger deals with a specific focus on embedded space.

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