Rolta forms JV with France's Thales

New Delhi, Aug 17: Rolta India Ltd today said it has entered into a 51:49 joint venture with France-based Thales.

The JV will leverage the broad spectrum of technologies, systems and solutions from Thales, and the company's leadership position in the Indian market.

''Guided by a set of common values, this JV will share best practices through transfer of technology and bring in state-of-the-art products into our country,'' Rolta India Chairman and Managing Director K K Singh said.

The JV will take advantage of technology transfer from Thales for developing Command Control, Communications, Computers, Intelligence, Surveillance, Target Acquisition and Reconnaissance (C4ISTAR) information systems, for domestic and international markets.

Thales is an international electronics and systems group catering to defence, aerospace and security markets worldwide.

It generated revenues of over 13 billion dollars in 2005, with order book of over 25 billion dollars and employs 60,000 people in 50 countries.

UNI