Servowatch: Larsen & Toubro sells British marine automation unit to Rolls-Royce Power
Larsen & Toubro Ltd, India’s biggest engineering company, has sold its UK-based marine automation services unit Servowatch Systems Ltd to Rolls-Royce Power Systems AG at an enterprise value of Rs 88.8 crore ($12 million).
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Servowatch is a marine automation company that supplies integrated ship control systems for navies, commercial vessels and yachts.
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