Ashok Leyland sells Defiance Testing & Engineering Services
Chennai, October 1, 2013: Ashok Leyland has announced the sale of Defiance Testing & Engineering Services (DTE) to Exova, one of the world’s leading providers of testing, calibration and advisory services.
Commenting on the sale of DTE, Dr V Sumantran, vice- chairman, Ashok Leyland, said: “It is reflective of Ashok Leyland’s dynamic shift in strategic priorities aimed at enhancing the value of its business in the medium term.”
Ashok Leyland’s separate entity focused on information technology and engineering services (Defiance Technologies Ltd) remains unaffected by this transaction.
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