| Mahindra Satyam inaugurates a delivery centre for Aerospace & Defense |
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| Expands presence in Europe; the second one in the continent |
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Toulouse – May 30, 2012 – Mahindra Satyam, a leading global consulting, Engineering
and IT services provider, today announced the setting up of an exclusive delivery
centre for Aerospace and Defense in Toulouse, France. This is a part of the company’s
larger strategy of expanding the European footprint with a focus to strengthen relationships
with regional Aerospace and Defense businesses. The centre is Mahindra Satyam’s
second such investment after setting up its first dedicated Aerospace centre in
Hamburg, Germany in 2008. The new centre is expected to ramp-up operations and create
opportunities for local talent in Engineering, Information Technology and Communications
domains.
Mahindra Satyam is a certified E2S supplier to EADS, and has been involved in strategic engagements with Airbus since 2004. It has established strong engineering, IT and manufacturing engagements with EADS companies across France, Germany, UK, India and China. This centre further reinforces our commitment to this relationship and will positively impact the operating efficiency, risk mitigation and program management.
Commenting about this initiative during the inaugural ceremony, CP Gurnani, CEO, Mahindra Satyam, said “We are excited to have reached another milestone in Europe. France is an important market for us and we are committed to investing on multiple fronts and enhancing the value delivered to our customers. The large talent pool coupled with excellent infrastructure in the region offers an environment conducive to driving business growth and creating a more seamless customer experience.”
Aerospace and Defense is a key growth sector for Mahindra Satyam and we expect to invest in both organic and inorganic growth. This centre is part of our strategy to offer a ‘Global Delivery Platform’ to our partners. This reduces risk, creates a seamless organization with our partners and allows us to tap into skills and expertise that may not be available in India, thus allowing Mahindra Satyam to create value added services and solutions. It also helps us contribute towards the local ecosystem which is very important for us as a company.
“The establishment of a delivery center in Toulouse will help expanding Mahindra Satyam’s operations in France, generating jobs and making use of local talent in the areas of Aerospace Engineering and Information Technology”, said Rakesh Sood, Indian Ambassador in France.
The Toulouse centre will ramp-up to house up to 80 associates towards the end of this year from the local market and academia. This centre at Toulouse will offer services based on Engineering Services around Electrics, Digital Mock-Up, Aero structures. It will also function as an ICT front office for developing the services around technologies like SAP, PLM and Application Management services.
About Mahindra Satyam
Mahindra Satyam is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities.
Mahindra Satyam is part of the $14.4 billion Mahindra Group, a global federation of companies and one of the top 10 business houses based in India. The group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, vacation ownership, rural and semi-urban financial services, etc. Mahindra has a significant and growing presence amongst others, in the automotive industry, agribusiness, aerospace, automotive components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel and two wheelers.
Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations.
For more information, see www.mahindrasatyam.com
Follow us on Twitter: http://twitter.com/mahindra_satyam
For clarifications, write to us at: MediaRelations@mahindrasatyam.com
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements. |
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