L&T Technology Services (LTTS) has completed the acquisition of Esencia Technologies, a provider of design services from specification to final product in Digital Signal Processing for Communications, Video, Security and Networking. Consequently, San Jose- based Esencia will become a subsidiary of LTTS.
The Esencia acquisition brings huge cross leverage potential adding synergistic business to LTTS, enabling the company to offer high end VLSI and ASIC services to its global customers across hi-tech and semiconductor industries . With LTTS & Esencia coming together, the VLSI / Embedded expertise of the combined team will help LTTS go after larger deals with a specific focus on embedded space.
L&T Technology Services is a subsidiary of Larsen & Toubro with a focus on Engineering R&D Services servicing customers including a number of Fortune 500 companies globally.