Centum Electronics acquires French Adetel Group

Purva Marwaha - 27/06/16

Centum Electronics acquires French Adetel Group

 

NEW DELHI: Bangalore-based Centum Electronics has announced its acquisition of Adetel Group of France. Adetel specializes in design, development and industrialization of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors. Centum Electronics will hold 51% percent controlling stake in Adetel Group.

At the launch announcement, Apparao Mallavarapu, Chairman and Managing Director – Centum Electronics said “The acquisition now makes Centum Electronics one of the forerunners in the market, enhancing the company’s already expanding growth and performance. Adetel brings in excellent services and an established customer base. This would be a pioneer step into entering new markets, giving us enormous opportunities since we have a very unique proposition of design and hightech manufacturing capabilities. This is also in tune with Prime Minister Modi’s vision of Make in India initiative.”

Francois Sebes, CEO of Adetel, said “I firmly believe that the strengthening of the capital base with a recognized Indian group such as CENTUM is a great opportunity for the development and growth of Adetel Group. I can see several major industrial interests, first of all the presentation of an integrated vertical offer in our company’s core business markets: Aeronautics, Defense, Medical, Transport and Industrial. Secondly, this is time for a local presence – we will open a group subsidiary in the Indian continent where CENTUM is a key player. Thanks to a commercial and customer portfolio complementarity, Adetel is consolidating its position towards its main customers. Becoming a supplier associated with a bigger group, Adetel will be capable of assisting its clients and partners in their own development strategy across global markets.”

The new partnership translates to greater international presence for the group, both in terms of operations and scale for its products, technologies and competencies. The group can leverage on the high technology capabilities and creativity of Adetel along with the cost competitiveness of India and Centum in particular to increase their market share in global markets.

Apparao added “This acquisition is a result of perfect synergies between two companies, ensuring greater value creation for our customers. We can now accelerate growth, fill product portfolio gaps, improve our market position, benefit from the use of even more advanced technology and of course, establish a wider, more international presence in operations and sales with facilities in France, Canada, US and Morocco.”

 

Source: http://www.voicendata.com/centum-electronics-acquires-french-adetel-group/

Download: No downloadable files present
Comments
About
The Tech & Services Department of Business France - Trade & Investment Commission in India informs, advises and assists French companies in their international expansion with India and South Asia. It also helps Indian stakeholders in bridging with French technology and business counterparts as well as guiding them -through our Investment Department- in their potential investment strategy in France.   A key focus on the agenda of the Department is the promotion of the " French Tech " initiative in India which aims at fostering the relations between the French Tech and the India Tech ecosystems; an area where we believe there are strong perspectives for fruitful partnerships.   In order to foster business and technology tie-ups between French and Indian companies, the Department is regularly organizing business delegations of French stakeholders to India, B2B/B2G events as well as individual B2B meetings.

READ MORE

Facebook
Press area & Media Gallery
List of last comments

Bluestorage is a subsidiary of the Bollo...

Malcolm MESSIER | février 22, 2019

AdBGQi Thank you for this impressive rep...

best pron | janvier 29, 2018

pYktcT Well I definitely liked studying ...

just another | novembre 08, 2017

dv1KAR Say, you got a nice post.Thanks A...

best pron | septembre 20, 2017