Larsen & Toubro (L&T) has acquired 50% of the stake in L&T-Ramboll Consulting Engineers (LTR) hitherto held by Ramboll Denmark. With this acquisition, LTR now becomes a wholly owned subsidiary of L&T.
The company will continue to offer single point concept to commissioning consultancy services for infrastructure projects like airports, roads, bridges, ports and maritime structure including environment, transport planning and other related services.
SN Subramanyan, member of the board and senior executive vice president (infrastructure and construction) said, "This acquisition is a significant move to strengthen our EPC offering in the infrastructure sector. With a track of successful projects and international exposure, L&T infrastructure engineering will be providing engineering services for major infrastructure projects."