/images/ppid_59c68470-image-177856506914892106.webp)
What is the story about?
L&T Technology Services Ltd.
on Tuesday, May 12, said it has it has partnered with Emerson to accelerate system integration and product development across multiple industries.
It said the partnership is in its sustainability segment and it brings together L&T Tech's engineering capabilities and Emerson's NI test platform.
As per the engagement, L&T Tech will serve as a global system integrator and technology development partner, supporting the design, deployment and lifecycle enablement of advanced systems engineering platforms across industries.
The partnership also introduces joint engagement approaches for customer projects, projecting L&T Tech as a key system integration platform for the NI test platform, the company said.
It added that the collaboration will focus on product engineering and solution development tailored for multiple sectors including industrial, transportation, semiconductors, aerospace and defence where system performance, resilience and sustainability are critical.
L&T Tech said it will establish a dedicated Centre of Excellence (CoE) at its Mysuru campus in India. It will be based on the NI test and measurement platform and will function as a global hub for joint solution development, industrialisation and applied innovation, leveraging NI software and hardware to accelerate product development and engineering, test automation and validation workflows.
Key focus areas also include joint go-to-market initiatives, development of industry-specific solutions, license enablement and extended client support models, it added.
"By combining NI's technology leadership with LTTS' engineering depth, we are creating a powerful foundation for long-term value creation across industrial ecosystems," Alind Saxena, executive director and president - strategic initiaves and growth markets.
Shares of L&T Tech were trading 2.6% lower at ₹3,690.6 apiece at 10.15 am on Tuesday. The stock has gained 10% in the past month but has declined 15% this year, so far.
It said the partnership is in its sustainability segment and it brings together L&T Tech's engineering capabilities and Emerson's NI test platform.
As per the engagement, L&T Tech will serve as a global system integrator and technology development partner, supporting the design, deployment and lifecycle enablement of advanced systems engineering platforms across industries.
The partnership also introduces joint engagement approaches for customer projects, projecting L&T Tech as a key system integration platform for the NI test platform, the company said.
It added that the collaboration will focus on product engineering and solution development tailored for multiple sectors including industrial, transportation, semiconductors, aerospace and defence where system performance, resilience and sustainability are critical.
L&T Tech said it will establish a dedicated Centre of Excellence (CoE) at its Mysuru campus in India. It will be based on the NI test and measurement platform and will function as a global hub for joint solution development, industrialisation and applied innovation, leveraging NI software and hardware to accelerate product development and engineering, test automation and validation workflows.
Key focus areas also include joint go-to-market initiatives, development of industry-specific solutions, license enablement and extended client support models, it added.
"By combining NI's technology leadership with LTTS' engineering depth, we are creating a powerful foundation for long-term value creation across industrial ecosystems," Alind Saxena, executive director and president - strategic initiaves and growth markets.
Shares of L&T Tech were trading 2.6% lower at ₹3,690.6 apiece at 10.15 am on Tuesday. The stock has gained 10% in the past month but has declined 15% this year, so far.
/images/ppid_59c68470-image-177850258492673851.webp)
/images/ppid_59c68470-image-177867503651869898.webp)