The Italian software house, specialized in engineering design optimization, continues to pursue its internationalization strategies, recording double-digit growth in 2012
Trieste (Italy), 12th December 2012 – ESTECO’s expansion to South-east Asian market and excellent economic results clash with the current world crisis; the company has in fact recently opened a subsidiary in Pune, India to consolidate its strategic position on this emerging market, and estimates 20% economic growth in 2012. ESTECO is already present worldwide through a well-established network of distributors and a direct branch in the United States, with a particularly strong market in Japan.
“Considering the rapid development of the Indian market, an ESTECO subsidiary with headquarters in Pune will help us strengthen our strategic relations with a significant client portfolio we have set up in the country, from Tata to Bajaj Auto. Moreover, since many large American companies have moved their engineering design offices to India, we can now provide them with direct technical support owing to the close connections between ESTECO North America and the Indian subsidiary”, says Carlo Poloni, President of ESTECO.
The current client portfolio in India includes companies such as Bajaj Auto, Ford, Indian Institute of Technology, Tata, TVS and Whirlpool, who will now be directly assisted by the new subsidiary without intermediaries. In the near future the support activities could expand to testing and development in order to promptly respond to new technological requirements.
The constant attention to technology innovation and to the rapidly evolving market demands are in fact the main ingredients of ESTECO’s counter-crisis recipe. The company continues with a positive trend in 2012, with 20% turnover growth. The entire 2012 profit will be re-invested in R&D activities in order to remain innovative in line with global trends.
|ESTECO India Opening pressrelease EN (PDF)||276.56 KB|
|ESTECO India Opening pressrelease IT (PDF)||278.05 KB|