Mumbai, India, November 4, 2014: L&T Technology Services a wholly owned subsidiary of Engineering major, Larsen & Toubro announced today that it has partnered with Europe based telecom operator Tele2 to jointly develop solutions around Machine-to-Machine (M2M) and Internet of Things (IoT).
The alliance will help L&T Technology Services’ and Tele2’s customers implement solutions that will reduce their time-to-market. The concept of connected world is moving beyond cost and time advantage and today it’s about enhanced user experience coupled with the need for driving efficiency in operations as well as the cost of development and operations, it added.
This partnership between L&T Technology Services an engineering services major with its deep domain expertise in the Transportation sector and Tele2, with its proven credentials as the foremost provider of convergent communication services, holds a great potential for the transportation market. Remote management of engine performance, Data collection and Analytics of vital parameters from Off Highway Vehicles, Engines and Coaches will help OEMs, Operators and Consumers in significantly improving operational efficiencies, Improving warranty and service management and better the end- user experience.
This partnership will initially target the transportation and commercial, mass transit vertical (which includes Auto, Aero, Rail, Shipping and Off Highway and specialized vehicles) and all associated ancillary and similar industries .
Keshab Panda, Chief Executive, L&T Technology Services commenting on this partnership said, “We are very excited to collaborate with Tele2 on providing IoT/M2M solution to the transportation and mass transit industry that benefit customers. Our engineering prowess and deep infrastructure understanding and expertise coupled with Tele2’s solutions will provide an excellent opportunity to improve customer services and create a safer and more connected customer experience.”