• Friday, April 26, 2024

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LTTS to Acquire Bengaluru-Based Graphene Semiconductor Services

Photo Credit: INDRANIL MUKHERJEE/AFP/Getty Images.

By: Radhakrishna N S

L&T Technology Services Limited (LTTS), a leading global pure-play engineering services company, has executed a definitive agreement to acquire 100 per cent stake in Bengaluru based Graphene Semiconductor Services Private Limited by way of an all-cash deal, L&T Technology Services said on Thursday (06). The transaction is expected to be consummated by October 2018. “Graphene’s strong offshore presence, coupled with expertise in complete VLSI Chip Design And Embedded Software will be a force multiplier for LTTS and will enhance our capabilities in the Semiconductor and Product OEM space,” said Dr Keshab Panda, CEO, Managing Director, L&T Technology Services Limited. Graphene…

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