Acquisition of the Vietnamese company: CAMMECH
Paris, France – February 12th, 2014 - ESI, pioneer and world-leading provider of Virtual Engineering solutions, today announces the acquisition of the Vietnamese company Cam Mechanical Solutions Co., Ltd, (CAMMECH). This facilitates the creation in Asia of a ‘near- shore’ services division that will be dedicated to execution of high value-added projects.
Based in Hô-Chi-Minh city, CAMMECH employs a team of 10 highly qualified engineers which will serve as a foundation for further expansion in Computer-Aided Engineering (CAE).
This acquisition brings to ESI an enhanced understanding of the Vietnamese market and, in that context, the expertise of a local and highly competent partner fully operational with a skilled management team. This platform also facilitates recruitment of experienced engineers, ready to operate immediately.
This new regional foothold is part of the growth strategy within which ESI Group aims to:
- support companies who are already investing in virtual prototyping as a platform for product development and foster the interest of new companies and new business sectors in this disruptive technology.
- develop centers of competency in economically attractive countries that also noticeably achieve high levels of education in science and engineering.
Based on its successful experience with its Tunisian subsidiary, which has supported European customers since 2009, ESI is thus replicating the foundation of a production center in the Far East, with the objective of delivering high end projects for its Asian customers.
The extension of our worldwide presence will assist our Asian customers to implement necessary changes as they expand the use of virtual prototyping to spur innovation and to retain their international competitive edge.
Lech Tomasz KISIELEWICZ, Executive Vice-President for ESI ‘Services Operations’, comments:
The acquisition of the CAMMECH company allows the extension of our multi-shore coverage in Asia and the opening of a new center of competency close to our customers on this continent. Through this new foothold we will meet the growth in demand for our services both on local and continental markets, and more specifically in Japan and South Korea.
We are also pleased to welcome a new highly experienced team on which we can count to support the Group’s development in Asia and around services dedicated to high value-added projects.
73.80 €( -0.27%)
La société CAMMECH a été créée en 2010 pour livrer aux industriels vietnamiens et aux transplants internationaux des prestations d’assistance technique dans le domaine de la CAO. Elle compte 10 ingénieurs et techniciens. Face à la demande émergente de ces industriels pour des prestations en ingénierie virtuelle, ESI est apparu comme un partenaire idéal pour offrir des solutions à plus forte valeur ajoutée pour les clients locaux.