L&T acquires Bangalore-based defence electronics research company
03 Feb 2006
Spectrum Infotech is a 10-year old company focusing on technology and product development in embedded computation, control and signal processing, for both hardware and software. It is currently engaged in design and development of prototype sub-systems and units. Its client list includes Hindustan Aeronautics, Bharat Electronics and major defence research laboratories.
L&T said the operations of Spectrum would be integrated with the company's Strategic Electronics Centre in Bangalore, focusing on defence electronics, avionics, and aerospace solutions. Spectrum's expertise complements the company's strengths in defence electronics and avionics with a focus on entire systems and weapon platforms, L&T added.
L&T is trading at Rs2,200 (down 1.37 per cent) at 02.55 PM on the NSE today.
