Larsen & Toubro Infotech to acquire Germany-based Nielsen+Partner

New Delhi: Larsen & Toubro Infotech (LTI), the IT services arm of engineering and construction conglomerate Larsen & Toubro (L&T) Ltd., on Thursday said it had signed a definitive agreement to acquire Germany-based IT consulting firm Nielsen+Partner for an undisclosed amount.
N+P specialises in Temenos WealthSuite, an integrated software solution for wealth managers.
Aimed at enriching the company’s offerings for its banking clients, this acquisition is in line with LTI’s acquisition of Syncordis in 2017. Syncordis is a leading Temenos T24 Core Banking Platform specialist with widespread presence in Europe, whereas N+P has built expertise in the front office of Temenos WealthSuite.