L&T Technology Services (BSE: 540115, NSE: LTTS), a prominent global player in Engineering and R&D services, has entered into a strategic partnership with FORVIA, the 7th global automotive supplier. This partnership, valued at approximately €45 million, focuses on Engineering development activities for FORVIA’s Clean Mobility division.
LTTS to enhance its Digital PLM team
Over the next five years, approximately 300 engineers from FORVIA’s Augsburg (Germany) and Bangalore (India) sites will transition to LTTS, representing a remarkable 95% transfer success rate. These engineers will continue their internal combustion engine-related engineering activities within LTTS while working for FORVIA from their current locations. This seamless collaboration ensures ongoing support for end customers across Digital PLM initiatives.
FORVIA aims to address the evolving automotive landscape by prioritizing ultra-low emissions while maintaining high-quality engineering support and employment opportunities. The partnership with LTTS will deliver engineering services for FORVIA, securing the career paths of transferred employees and enriching their skillsets with exposure to LTTS’ extensive portfolio.
A key aspect of the agreement involves FORVIA empowering LTTS to train and reskill these engineers. Supported by the LTTS Global Engineering Academy, these engineers will gradually transition to other fields within LTTS’ commercial network.
Amit Chadha, CEO and Managing Director of L&T Technology Services, highlighted the partnership’s significance in advancing traditional engine technologies and new-age digital transformation for ultra-low emissions and clean mobility. He emphasized LTTS’s expertise in the transportation and automotive industry, reinforcing the company’s commitment to driving progress in the field.
Patrick Koller, CEO of FORVIA, expressed confidence in the partnership, citing LTTS’s dedication to innovation and quality. He emphasized FORVIA’s commitment to maintaining its leadership in the ultra-low emission business while safeguarding employee interests in a changing environment.
This strategic partnership between L&T Technology Services and FORVIA exemplifies a shared commitment to innovation, quality, and industry leadership in the automotive sector.
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