2014-04-17 11:40:45 - To build an offshore development center in Bengaluru for the aerospace tier 1 supplier
MUMBAI, India/ TOULOUSE, France, April 17, 2014: Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC), a leader in Product Lifecycle Management (PLM), Global Engineering Services, and Offshore Software Product Development (OSPD) solutions and technologies, today announced that it has entered into a multi-year engineering services engagement with Aerolia, one of the largest tier 1 aerospace suppliers. Under the agreement, Geometric has set up a dedicated center for mechanical systems installations in Bengaluru, India.
Aerolia, a part of the AIRBUS group, selected Geometric for its expertise in setting up offshore engineering centers and to leverage Geometric’s engineering capabilities along with its IP and software development strengths for intelligent engineering. Geometric’s deep understanding of the product development cycle and technology will help Aerolia’s global operations
to enhance their competitive advantage.
Announcing the engagement, Mr. Raphaël Duflos, Chief Procurement Officer, “Aerolia is pleased to sign this important contract with Geometric. Today is a key step in a strategic path that should enhance intimacy between Aerolia and the Indian Supply Chain, leading to competitive partnerships. Aerolia will continue to enlarge its Indian Supply Chain content to serve its total cost of acquisition targets and deliver local value for its end customer."
Mr. Manu Parpia, MD & CEO added, “We are very pleased with this association with Aerolia, a major aerospace tier 1 supplier. We have begun a journey together and it is Geometric's endeavor to provide value to Aerolia through not only cost savings, but also innovative use of its technologies, thus enabling Aerolia better serve their customers. The Aerospace vertical is a key driver of growth for Geometric".
Aerolia is taking an active part in the success of its Customers Airbus, Bombardier, Embraer, OGMA and Aero Vodochody and in the development of their new programmes A350 XWB, A400M, A320neo, Global 7 000, Global 8 000 and KC390.
As an Aerostructure, System and Equipment manufacturer, Aerolia is a world major player in the design and production of aircraft equipped fuselages with facilities in France (Méaulte, St-Nazaire and Toulouse), Quebec (Dorval and soon Mirabel), Tunisia (M’Ghira), Germany, China, South Korea and United Arab Emirates.
Aerolia is a worldwide pool of 3,400 people, a turnover of 1 billion 562 million dollars that increased by 69 % over 5 years and has very encouraging perspectives for the future in terms of development.
Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services, Product Lifecycle Management (PLM) solutions, Embedded System solutions, and Digital Technology solutions enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.
Listed on the Bombay and National stock exchanges in India, the company recorded consolidated revenues of Rupees 10.20 billion (US Dollars 187.57 million) for the year ended March 2013. It employs close to 4600 people across 13 global delivery locations in the US, the UK, France, Germany, Romania, India, and China. Geometric was assessed as CMMI 1.1 Level 5 for its software services and is ISO 9001:2008 certified for engineering operations. The company’s operations are also ISO 27001:2005 certified.
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For more information, please contact:
For Aerolia : Philippe Le Grégam |+ 33.68.04.18.149 | email@example.com
For Geometric: Kavita Karnani | +91.20.40284496 | firstname.lastname@example.org