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L&T Technology Services , a leading global pure-play engineering services company, has completed the acquisition, effective October 15, of Bengaluru-based Graphene Semiconductor Services Pvt Ltd, a provider of end-to-end semiconductor services.
The acquisition is in accordance with the terms set out in the agreement announced by the company on September 6. Graphene’s strong offshore presence, coupled with expertise in complete VLSI chip design and embedded software will enhance LTTS’ capabilities in the semiconductor & product OEM space.
Following the transaction, Graphene, with employees in India, Singapore, Taiwan and Malaysia, has become a wholly-owned subsidiary of LTTS. Shares of L&T Technology jumped 2.33 per cent at ₹1,652.55 on the BSE.
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