L&T Electrical & Automation Acquires UK-Based Thalest Group
Press Release April 4, 2012 The Electrical & Automation business of Larsen & Toubro yesterday completed the share sale agreement formalities for the acquisition of Thalest Limited, the UK-based holding company of Servowatch Systems Limited, Bond Instrumentation & Process Control Limited and Servowatch Inc, (USA). Thalest Limited is engaged in offering Integrated Platform Management System (IPMS) and Integrated Bridge System (IBS) solutions for naval warships and mercantile marine ships, vessels and floating systems. L&T’s Electrical & Automation business has been present in this space with marine electrical and automation solutions. Speaking on the acquisition, Senior Vice President & Head of L&T Electrical & Automation,. S. C. Bhargava, said, “We are approved as an IPMS and IBS supplier for the Indian Navy together with Servowatch. Thalest / Servowatch joining the L&T family will help offer cutting edge technology in control & automation ...