The Esencia acquisition brings huge cross leverage potential adding synergistic business to LTTS, enabling the company to offer high end VLSI and ASIC services to its global customers across hi-tech and semiconductor industries.

With LTTS & Esencia coming together, the VLSI / Embedded expertise of the combined team will help LTTS go after larger deals with a specific focus on embedded space.

"We are pleased to welcome Esencia into the LTTS family. The acquisition will act as one of our major growth levers and boost our portfolio of offerings in the embedded space. The synergies will also help in creation of new services in building advance silicon and embedded products in perceptual computing, wireless connectivity solutions, storage & networking and IoT solutions for customers worldwide," said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services.

"Esencia is delighted to be part of such a large engineering services family. The combined team will be making new innovations, build ASIC/SOC products and embedded system solutions for our customers and enhance our offerings to the biggest technology companies in the world," said Pratap Reddy, CEO Esencia.

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