 "Larsen & Toubro")
Engineering conglomerate Larsen & Toubro (L&T) on Wednesday said it has entered into a sales agreement with Rolls-Royce for its UK-based integrated marine automation solutions provider Servowatch Systems. The move is in line with the company’s plan to divest its non-core assets.
“L&T, through its wholly owned subsidiary, Larsen & Toubro International FZE, signed definitive agreements with Rolls-Royce’s Power Systems Division for the strategic divestment of integrated marine automation solutions provider Servowatch Systems,” the company said in its statement. The company did not disclose the value of the divestment.
“The divestment of Servowatch Systems is in line our stated goal
