Saturday, 9 July 2016
L&T Infotech 'actively' scouting for buys in analytics, consulting
NEW DELHI: IT company L&T Infotech today said it is "activity" scouting for acquisitions to strengthen its offerings in areas such as analytics, consulting and Internet of Things. The mid-sized IT company, which will come out with over Rs 1,200-crore IPO on July 11, said it would be interested inbuys in the US, Europe or even Indian market. "We are looking at the US and European markets predominantly as the acquisition has to cater to that market by selling to our to our 250-plus customers. We will also look at Indian companies that serve customers in the US and Europe," Sanjay Jalona, CEO and MD of Larsen and ToubroBSE -1.43 % Infotech said at a conference. Besides, analytics, consulting and Internet of Things, another area of interest for the company is cloud-based infrastructure transformation. Put simply, Internet of Things links smart everyday objects to the net, allowing them to send and receive data.