Servowatch is headquartered in Heybridge, Essex, United Kingdom (UK) and has 44 employees in the UK and India. The company delivers integrated marine
automation solutions for navies, commercial vessels and large yachts.
In August, L&T
also concluded the strategic divestment of its electrical & automation (E&A) business to Schneider Electric for Rs 14,000 crore. In its Wednesday's statement, L&T
said, “L&T continuously evaluates its business portfolio and takes capital allocation decisions from a long-term perspective. Its exit from the electrical & automation business, as well as Servowatch Systems, is a part of the strategic portfolio review process.”