Thursday, June 26, 2014
L&T, Thales Form Joint Venture
[Avionics Today June 26, 2014] L&T Technology Services has acquired a 74 percent stake of Thales Software India, the Indian subsidiary of French aerospace and defense company Thales. Under the new joint venture, Thales will assist the Larsen and Toubro subsidiary with developing modern avionics solutions.
“This Joint Venture represents each organisation’s strong commitment to provide customers with a single source of best services in avionics industry,” he said. “We as an organisation are at an interesting phase of our journey where we are streamlining our expertise and strengthening our knowledge. In such a phase joining hands with Thales adds to our proficiency in the market,” he added.