L&T Tech inks pact worth 45 mn euros with French auto firm Forvia
The five-year partnership, valued at approximately 45 million euros, will deliver engineering services for Forvia
L&T Technology Services (LTTS)
New Delhi: L&T Technology Services (LTTS) said it has entered into a partnership worth 45 million euros with French automobile company Forvia "for the benefit of clean mobility divisions" of the two firms.
The five-year partnership, valued at approximately 45 million euros, will deliver engineering services for Forvia, LTTS said in a statement.
Under the agreement, about 300 engineers from Forvia's Augsburg (Germany) and Bengaluru (India) sites have already been transferred to LTTS. These teams will develop internal combustion engine-related activities within LTTS.
The company said these engineers will continue their activities for Forvia from their current locations, "guaranteeing seamless collaboration and ongoing support for end customers across Digital PLM (product lifecycle management) initiatives".
LTTS will train and reskill these engineers who will be repositioned to work in other fields within the LTTS commercial network.