BUSINESS

Schindler Partners L&T Tech Services for Digital & Engineering Transformation

On BSE, L&T's shares reported 2.13% to Rs 2,138.35.

Engineering services company L&T Technology Services (LTTS) announced that it has been selected as a key partner by Switzerland-based Schindler, which provides elevators, escalators, moving walks and other related services.
This is a multi-year engagement, during which LTTS will be providing services such as product development, innovation and engineering solutions, among others. As a partner, it will be providing innovative digital engineering capabilities to Schindler which will help it to accelerate its digitization and connectivity initiatives.
Karl Heinz Bauer, CTO, Schindler said, β€œAs 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.”
β€œSchindler 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,” said Prabhakar Shetty, Global Head of Digital Manufacturing Services, L&T Technology Services Ltd.
Last week, L&T Technology Services has said that it has won a $100 million five-year contract from global Oil & Gas (O&G) major to support two of its integrated refining and chemicals manufacturing facilities in USA.

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