By Ian Walker

ACQUIRER: Rolls-Royce Holdings PLC.

SELLER: Larsen & Toubro Ltd.

TARGET: Servowatch Systems, a U.K-based company that supplies integrated marine automation solutions for navies, commercial vessels and large yachts.

PRICE: Commercial terms not disclosed.

STATUS: Contracts signed Tuesday.

RATIONALE: Servowatch will expand the ship-automation division of the MTU product-and-solution brand of Rolls-Royce's power-systems business.

QUOTATION: "Servowatch is completely complementary to what we do in marine automation," said Kevin Daffey, director of marine systems & automation at Rolls-Royce's Power Systems business unit.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

12-02-20 0718ET