3 January 2024
Assystem’s Indian entity, Assystem STUP, registered as STUP Consultants Private Limited, has acquired L&T Infrastructure Engineering Limited (L&T IEL), a wholly owned subsidiary of the Larsen & Toubro group.
The Assystem group is a major player in energy transition, and this acquisition completes Assystem’s engineering service offering in India and increases the company’s market share in the infrastructure, transportation, and energy sectors. It also brings enhanced capability in design and planning for projects to Assystem’s business in India. All of L&T IEL’s 431 employees will be retained as part of the purchase.
As part of Assystem’s growth strategy in India, the company plans to unite its India based employees under the singular Assystem brand in 2024.
L&T IEL has offices strategically located in cities across India such as Hyderabad, Mumbai, Delhi, and Chennai. It has been a key player in design and consulting services for India's transport and infrastructure development sector since its inception in 1998. Established as L&T-Rambøll Consulting Engineers Limited, the company became the wholly owned subsidiary of the Larsen & Toubro group in September 2014.
L&T IEL recorded a revenue of Rs. 922 million in the Financial Year 2022-23.
We are delighted to complete the acquisition of L&T IEL and today is a milestone moment for Assystem in India. This acquisition is about building the India of tomorrow and Assystem is acting today, through this acquisition to be ready to support the successful delivery of India’s national infrastructure programme.