Schindler Partners with L&T Technology Services for Digital & Engineering Transformation

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has been selected by Schindler, the Switzerland-based global leading provider of elevators, escalators, moving walks and related services as one of its key partners to provide innovative digital engineering capabilities.

According to the agreement, L&T Technology Services will provide product development, innovation and engineering services & solutions that will help Schindler to accelerate its digitization and connectivity initiatives.

Karl Heinz Bauer, Chief Technology Officer (CTO), Schindler said, "As a global player in the elevator and escalator industry, we leverage the new digital technologies to introduce best-in-class solutions to our customers. We look forward to the synergies arising from our future collaboration with LTTS."

Prabhakar Shetty, Global Head of Digital Manufacturing Services at L&T Technology Services said, "Innovations such as digital twin technology, build to automation, and the advancements in wireless connectivity are accelerating Industry 4.0 adoption. Schindler is a pioneer in the elevator & escalator industry and through this alliance, we commit to supporting Schindler in matching new-age innovations with traditional engineering."

Shares of L&T Technology Services Ltd was last trading in BSE at Rs.1845.3 as compared to the previous close of Rs. 1848.25. The total number of shares traded during the day was 3372 in over 564 trades.

The stock hit an intraday high of Rs. 1855.45 and intraday low of 1830. The net turnover during the day was Rs. 6209345.

Source : Equity Bulls

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