India's LTIMindtree wins $100 million deal with European medtech firm (updated)

LTM

23/02/2026 07:55

Adds details from paragraph 2 onwards

Feb 23 (Reuters) - Indian IT services company LTIMindtree LTIM.NS on Monday said it has secured a $100 million, seven-year deal with a Europe-based medical technology company that provides hearing solutions.

The IT company did not reveal the name of the European firm.

Under the agreement, LTIMindtree will develop and support the client's main hearing aid brands and private-label products, including core wearable devices, and a mobile app for users.

Earlier this month, LTIMindtree's the board approved a proposal to rename the company LTM Limited, subject to shareholder and regulatory clearances.

In January, the IT firm said total order bookings for the quarter ended December 31 hit a record $1.69 billion.

 (Reporting by Nishit Navin; Editing by Mrigank Dhaniwala)

 ((Nishit.Navin@thomsonreuters.com;))