Larsen and Toubro Infotech has signed an agreement to acquire GDA Technologies and all its design centres in the US and India.
All the three GDA founders would in the L&T Infotech management team and would help drive the product engineering service business to the next level, Larsen and Toubro informed the Bombay Stock Exchange. L&T infotech, subsidiary of Larsen and Toubro signed the definitive agreement regarding the acquisition on Wednesday.
"GDA's electronic design capabilities are a key building block in our roadmap towards creating end-to-end
solution delivery capability for our global customer base. Such acquisitions are an integral part of our strategic plan to strengthen our presence in the IT consulting and services space," A M Naik, chairman, L&T Infotech said.
However, the company did not disclose the financial details of the deal. GDA, a privately held electronic design firm the US, has over 350 employees in America and India. It has over 100 customers in US, Japan and India.
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