New agreement capitalises on complementary skills for the delivery of integrated Information Management solutions and associated asset data cleansing services

Mumbai, India – 9 January 2013. Larsen & Toubro Integrated Engineering Services (L&T IES) and AVEVA announced today that they have entered into an agreement which will enable Owner Operators and EPCs to take advantage of their highly complementary skills in the delivery of integrated information management solutions and associated asset data cleansing services.

L&T IES and AVEVA will work together on a number of joint opportunities where the combination of L&T IES’ unrivalled asset data collection, cleansing and validation service complements AVEVA’s suite of proven enterprise solutions. The combined service enables clients to fully exploit their information assets and achieve business benefits by mitigating operational risk, improving project schedules and reducing maintenance and operational costs.  This agreement reflects the growing awareness in engineering, design and operations that a successful Information Management solution must combine innovative technology with high integrity of asset data delivered through information engineering services.

Commenting on this partnership, Dr. Keshab Panda, Chief Executive, L&T IES, said, “We are delighted to announce this agreement with AVEVA. Our aim is to develop relationships that drive business growth for all parties and we are highly confident that together we can deliver maximum value to our partners and clients through this alliance.”

“Addressing the quality of available asset data is absolutely key to the success of any Information Management deployment”, said Derek Middlemas, Chief Operating Officer and Head of Enterprise Solutions. “Combining AVEVA’s proven portfolio of Information Management solutions with L&T IES’ experience and scale in asset data capture and cleansing services means that AVEVA can offer an improved service to all our clients. Our experience demonstrates that these services will be particularly valuable on brownfield projects and assets where the quality and quantity of existing asset data presents significant challenges.”

Richard Longdon, Chief Executive Officer, AVEVA added, “I'm very pleased that L&T IES are partnering with AVEVA. They are a recognised leader in the delivery of asset Information Management services who can provide the required scale and expertise to support the increasing demand for AVEVA’s enterprise s olutions.” 

Ends

About L&T IES:

L&T IES is a strategic business unit of Larsen & Toubro. L&T IES services in plant & construction engineering, asset information management and engineering process support to industry segments including chemicals, oil & gas, pharmaceuticals, minerals and metals and consumer packaged goods. L&T IES also offers product design support, analysis, prototyping & testing solutions in addition to embedded system design, manufacturing engineering, Mobile OS and MMI framework solutions using cutting-edge applications like CAD / CAM / CAE technology for various industry segments such as aerospace, automobile, trucks & off highways vehicles, medical devices, consumer electronics, telecom and industrial products.

IES is headquartered at Vadodara, India with design centres in Bangalore, Chennai, Mysore, and Mumbai and a global footprint across 30 offices worldwide.

L&T Background:

Larsen & Toubro is a USD 12.8 billion technology, engineering, construction, manufacturing and financial services conglomerate having global operations. It is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

Shyam Ananth

Head – Corporate Centre, Marketing and Communications

L&T Integrated Engineering Services

Tel: +91 (O) 080 3084 2179

Shyam.ananth@lnties.com

About AVEVA

AVEVA is a leader in engineering design and information management solutions for the plant, power and marine industries. For more than 45 years it has delivered business critical software solutions to owner operators, engineering contractors and shipbuilders around the world. For further information please visit www.aveva.com/ednotes

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