Mysore, March 8, 2016: L&T Technology Services and Danaher (NASDAQ: DHR) marked ten years of business relationship on March 1. Danaher set up the global development center (GDC) with L&T Technology Services ten years ago to harness the power of global delivery model.
L&T Technology Services began its journey with a few operating companies of Danaher by offering product sustenance and value engineering services. As the relationship matured over the years, L&T Technology Services expanded the services to many other operating companies and enhanced the service coverage to full scale product development. In this process, L&T Technology services has developed key solutions and has coauthored product related patents.
Through the years, as Danaher has evolved to be a strong Science and Technology Company, L&T Technology Services has invested in future technologies, solutions and infrastructure to keep up the pace to support development of next generation products for Danaher and aims to enhance the value creation and continue to be a Preferred Partner of choice for decades.
Mr. Robert Mahlik, VP of Global Procurement, Danaher, reflected on the relationship saying, “We are happy to reach this milestone with such a valued partner. The value in a relationship is best realized with the long-range focus on growing together along with the immediate impact from the products that result and for this we are thankful for these last 10 years. We look forward to the continued evolution of this relationship.”
Speaking on the occasion, Dr. Keshab Panda, CEO and Managing Director, L&T Technology Services, said, “We are proud of the relationship that we share with Danaher. The pace has been so fast that it feels like just yesterday that we started working together. Today, after ten years, the trust and confidence in the relationship seems unimaginable. We will continue to further build this relationship with the aim to achieve higher goals and create an industry benchmark in the coming years.”
About L&T Technology Services Ltd
L&T Technology Services Limited is a wholly-owned subsidiary of Larsen & Toubro Limited with a focus on the Engineering Services space, partnering with a large number of Fortune 500 companies globally. We offer design and development solutions throughout the entire product development chain across various industries such as Industrial Products, Medical Devices, Automotive, Aerospace, Railways, Highway & Polymer, Commercial Vehicles, Telecom & Hi-Tech, and the Process Industry. The company also offers solutions in the areas of Mechanical Engineering Services, Embedded Systems & Engineering Application Software, Product Lifecycle Management, Engineering Analytics, Power Electronics, and M2M and the Internet-of-Things (IoT).
With a multi-disciplinary and multi-domain presence, we challenge ourselves every day to help clients achieve a sustainable competitive advantage through value-creating products, processes and Services. Headquartered in India, with over 10,000 highly skilled professionals, 12 global delivery centers and operations in 35 locations around the world, we constantly find flexible ways of working, tailored to our assignments and customer needs. For additional information about L&T Technology Services log on to www.ltts.com