L&T Technology Services Ltd. (LTTS) has announced that Schindler, a leading providers of elevators, escalators, moving walks and related services, based in Switzerland, has chosen it (LTTS) as one of its key partners for providing innovative digital engineering capabilities.
Under the agreement, L&T Technology Services would provide services & solutions for product development, innovation and engineering that will help Schindler speed up its digitization and connectivity initiatives.
Mr. Karl Heinz Bauer, Chief Technology Officer (CTO), Schindler, said: “As a world leader in the elevator and escalator industry, we are leveraging new digital technologies to deliver our customers with the best-in-class solutions. We look forward to the strategies that emerge from our future partnership with LTTS.”
Mr. Prabhakar Shetty, Global Head of Digital Manufacturing Services at L&T Technology Services, said: “Digital technology, automation, emerging technology, and wireless connectivity developments are accelerating the adoption of Industry 4.0. Schindler is a leader in the elevator and escalator industry, and we are committed to supporting Schindler in combining new-age innovations with advanced systems through this partnership.”
Last week, LTTS reported that it had won a multi-year deal worth US$ 100 million from a large oil & gas company in the US.
LTTS works across industrial products, medical devices, transportation, telecom & hi-tech, and process industries with 69 Fortune 500 businesses and 53 of the world’s top ER&D businesses.