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    Home»Merger and Acquisition»L&T and ideaForge Ink MoU for Unmanned Systems
    Merger and Acquisition

    L&T and ideaForge Ink MoU for Unmanned Systems

    Finance KhabarBy Finance KhabarFebruary 7, 2020No Comments2 Mins Read
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    Lucknow: Larsen and Toubro (L&T), India’s multinational engineering conglomerate and the largest private sector defence company, and ideaForge, India’s largest manufacturer of Unmanned Aerial Vehicles (UAVs) have entered an MoU to offer drones and allied systems for defence use.

    Both the companies will combine their strengths to offer hi-tech, integrated drone solutions to enhance security and surveillance. They will also offer anti-drone solutions to counter the threat of malicious or unintended usage of drones.

    The MoU involves collaboration on technology, products, deployment and go-to-market strategies. It will unlock the full potential of unmanned systems in security, surveillance and protection solutions. With the ever-increasing adoption of drone technology, the L&T-ideaForge partnership will redefine the landscape of unmanned systems.

    Commenting on this, Mr. J D Patil, Whole Time Director & Senior Executive Vice President (Defence & Smart Technologies), L&T, said, “We are teaming as partners of choice to provide indigenously developed unmanned systems for the Indian and global markets. We are confident, this alliance will create a successful Make in India collaboration between a diversified engineering conglomerate and a young, technology-driven company for across the range offerings.”

    Mr. Ankit Mehta, CEO, ideaForge said, “We are excited to partner with L&T as it will bring their vast experience in design and development of Defence systems to our product offerings as well as a global orientation to address market demands. Our collaboration will create a platform to help develop mission-specific, fully integrated solutions that customers worldwide are looking for.”

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