L&T buys UK-based defence technology company Thalest for £3.2 million news

[sudhir007]

domain-b.com : L&T buys UK-based defence technology company Thalest for £3.2 million

Larsen & Toubro Ltd (L&T) today announced the completion of the share transfer of UK-based defence technology company Thalest group for about £3.2 million (about Rs26 crore).

The Electrical & Automation business of Larsen & Toubro yesterday completed the share sale agreement formalities for the acquisition of Thalest Limited, the company said in a filing with the Bombay Stock Exchange (BSE).

Thalest is the holding company of Servowatch Systems, Bond Instrumentation & Process Control and Servowatch (USA).

Thalest 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's Electrical & Automation business has been present in this space with marine electrical and automation solutions.

Speaking on the acquisition, senior vice president and 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 space not only for marine application but also for other emerging segments. Thalest / Servowatch's deep understanding of the control and automation space will open new vistas in other markets and segments.''
Servowatch is one of the leading suppliers of advanced integrated ship control systems, including alarm and monitoring, automation, platform management and bridge, navigation, communication and multimedia packages, into both new build and retro-fit markets.

The company has an extensive experience in dealing with the navies of the US, the UK, India, Australia and Thailand. The company also has wide experience in offering control systems for commercial ships, special purpose craft and land / marine asset management.

 

[sexy gun]

L&T taking all the right steps in its way towards a defense major... first its association with Arihant project then a huge naval yard and now this development..


#I wonder why such things are happening in navy only.... don't get to hear such things with Air force and much less the Army. Maybe reflects the indigenization efforts put by each arm of military over the years..

 

[Raje amar]

we need more and more aquisitions like this. It will make Indian companies self reliance.

 

[rajnikant]

congrats L&T ...good news for Indian defence industry

 

[punjabimunda32]

L&T taking all the right steps in its way towards a defense major... first its association with Arihant project then a huge naval yard and now this development..


#I wonder why such things are happening in navy only.... don't get to hear such things with Air force and much less the Army. Maybe reflects the indigenization efforts put by each arm of military over the years..

i guess in navy technologies dont change that quickly. for example a submarine remains potent weapon forever its lifetime, while in airforce planes go obsolete every 10 yrs. mirage 2000 and mig 21 are nothing but junk in our force. keeping up with airce tech and building avionivs requires massive investements which is today hard for a private company in india.

 

[sexy gun]

i guess in navy technologies dont change that quickly. for example a submarine remains potent weapon forever its lifetime, while in airforce planes go obsolete every 10 yrs. mirage 2000 and mig 21 are nothing but junk in our force. keeping up with airce tech and building avionivs requires massive investements which is today hard for a private company in india.

well thats correct but the investment is also proportionally much higher in naval infrastructure..

 

[punjabimunda32]

well thats correct but the investment is also proportionally much higher in naval infrastructure..

well yeah but i dont think l&t has any expertise in designing any subs or ships, they can build them not design. its done mostly by naval engineers and electronics are made by drdo. they only do the job of putting them together at their shipyard.

 

[IndianArmy]

well yeah but i dont think l&t has any expertise in designing any subs or ships, they can build them not design. its done mostly by naval engineers and electronics are made by drdo. they only do the job of putting them together at their shipyard.

You are really underestimating L&T. L&T has a separate Ship Design Center under L&T's Heavy Engineering Division. L&T has a marine design center in Chennai Too If I am not mistaken apart from Mumbai. It also has Submarine Design Center, Arihant's design was examined there.

 

[punjabimunda32]

You are really underestimating L&T. L&T has a separate Ship Design Center under L&T's Heavy Engineering Division. L&T has a marine design center in Chennai Too If I am not mistaken apart from Mumbai. It also has Submarine Design Center, Arihant's design was examined there.

wow thats cool. but is there any ship that has been designed and built by them and inducted into army?

 

[IndianArmy]

wow thats cool. but is there any ship that has been designed and built by them and inducted into army?

L&T is currently building eight ships valued at about Rs1,150 crore. These include six for RollDock and two for BigLift Shipping. As far as Defence, L&T is entitled to design and construct 36 high speed interceptor boats worth Rs 970 crore for the Indian Coast Guard