BPO major
Genpact today said it will acquire US-based Triumph Engineering Corp,
which provides engineering and technical services to aviation, energy,
and oil and gas industries, for an undisclosed amount. Triumph enhances
Genpact's services portfolio for the infrastructure and manufacturing
sector by adding capabilities in the large and high-growth segment of
engineering and technical services, Genpact said in a statement. Closing
is subject to satisfaction of certain customary conditions, it added.
"We are seeing a huge demand for engineering services in highly technology-intensive industries like aviation, energy and oil and gas. "This acquisition will allow us to combine Triumph's onsite expertise and depth in engineering with our global scale, end-to-end process management, analytics, and technology capabilities to meet this growing demand," Genpact president and CEO NV Tyagarajan said. As part of the deal, 90 Triumph employees will become part of Genpact's Infrastructure, Manufacturing and Services (IMS) vertical, it said. "Our plan is to build out engineering centers of excellence (COEs) with an initial focus on the aviation and energy sectors, which we would later expand to cover other manufacturing segments," Tyagarajan said. Triumph provides engineering services like product definition and design, product documentation and analysis. It also provides engineering IT services like product lifecycle management (PLM) implementation and customisation.
"We are seeing a huge demand for engineering services in highly technology-intensive industries like aviation, energy and oil and gas. "This acquisition will allow us to combine Triumph's onsite expertise and depth in engineering with our global scale, end-to-end process management, analytics, and technology capabilities to meet this growing demand," Genpact president and CEO NV Tyagarajan said. As part of the deal, 90 Triumph employees will become part of Genpact's Infrastructure, Manufacturing and Services (IMS) vertical, it said. "Our plan is to build out engineering centers of excellence (COEs) with an initial focus on the aviation and energy sectors, which we would later expand to cover other manufacturing segments," Tyagarajan said. Triumph provides engineering services like product definition and design, product documentation and analysis. It also provides engineering IT services like product lifecycle management (PLM) implementation and customisation.
Source: The Financial Express
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