LTTS Secures $80 Million Deal to Establish Engineering Center for Tennant Company in India

L&T Technology Services (LTTS) has signed a strategic agreement with Tennant Company, a leading U.S.-based manufacturer of industrial cleaning solutions, to set up a dedicated engineering center in India. The multi-year, $80 million deal aims to accelerate Tennant’s digital transformation, integrating advanced technologies for product lifecycle management and innovation.

 

Key Highlights

Dedicated Engineering Center in India:

 

LTTS will establish a Center of Excellence (CoE) in India, serving as a global innovation hub for Tennant Company.

 

The facility will focus on digital product development, data management, and connected solutions.

 

Strategic Partnership & Digital Transformation:

 

The collaboration will enable Tennant to leverage AI-powered insights, automation, and digital thread capabilities.

 

LTTS will support Tennant’s expansion into new-age technologies, ensuring efficient product lifecycle management.

 

Market Impact & Growth Strategy:

 

LTTS shares rose 2.76%, closing at ₹5,262.15, reflecting positive investor sentiment.

 

The company continues to strengthen its presence in engineering and technology services, serving 69 Fortune 500 companies.

 

Future Outlook & Industry Expansion:

 

LTTS aims to scale its expertise in sustainability and industrial automation, reinforcing its leadership in digital engineering.

 

Tennant Company will benefit from enhanced innovation capabilities, ensuring long-term competitive advantage.

 

LTTS’ latest partnership with Tennant Company underscores its commitment to driving digital transformation, ensuring cutting-edge engineering solutions for global clients.

 

Source: LTTS Press Release, The Hindu Business Line, and Entrepreneur India.