INCAT announces acquisition of CEDIS Mechanical Engineering GmbH
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Strengthens INCAT engineering and design operations, expands client base in Europe
Stuttgart and Detroit, January 9, 2006 - INCAT, a Tata Technologies company, and a leading provider of Product Lifecycle Management (PLM) services, Engineering and Design (E&D) services, consulting, software solutions and associated services to automotive, aerospace and industrial manufacturers announced today the acquisition of CEDIS Mechanical Engineering GmbH, a Stuttgart, Germany-based provider of automotive engineering and design services to some of the world's leading manufacturers.
"This expands the presence of INCAT in Germany, and in Europe overall, with proven competencies in engineering and design, as well as in CATIA® support," said Wolfgang Zoefgen, INCAT Managing Director - European Operations. "Further, this acquisition - as well as our 2005 acquisition of Rand France S.A. - diversifies the INCAT client base and positions INCAT to widen its PLM consulting and support services offerings."
CEDIS, a privately owned company with 50 employees, was founded in 1992, and is headquartered in Stuttgart, Germany. The company, while primarily a provider of engineering and design services, also provides CAE education and consulting in rapid prototyping, as well as hardware and software support services. These professional services offerings are now part of INCAT's European operations.
The CEDIS executive team, Mr. Markus Schleer and Mr. Ralf Weber, will join the INCAT European operations in senior management positions. Mr. Schleer will continue to serve as CEDIS Managing Director and will become INCAT GmbH Head of Design Services. Mr. Weber will join the INCAT GmbH management team.
The top CEDIS clients include Johnson Controls, DaimlerChrysler, MAHLE, Modine Europe, Eberspacher, ORIS, Lear Corporation, Mercedes AMG, Alpine Electronics, BOS and others.
About INCAT
INCAT is a Tata Technologies company. Founded in 1989, the Company is a leading international provider of engineering and design (E&D) services to the world's largest automotive, aerospace and durable goods manufacturers. INCAT is focused on services and solutions for Product Lifecycle Management (PLM) and Information Lifecycle Management (ILM), creating value for its clients by combining state-of-the-art technology and a pragmatic approach to engineering and manufacturing processes to reduce costs and time to market.
INCAT is headquartered in the UK (London) and in North America (Detroit). Tata Technologies is headquartered in Pune, India. The organizations have a combined work force of more 3,000 employees serving clients worldwide from facilities in North America, Europe and the Asia-Pacific region. www.incat.com
INCAT Contacts
Europe: Wolfgang Zoefgen, Managing Director - European Operations
+49-711-78909-11 or wzoefgen@incat.de
North America: Daniel Saad, Corporate Communications Mgr. - NA
+1-248-426-1841 or dsaad@incat.com
Financial: Joseph Ben-Gal, Vice President - Business Development
+1-248-426-1726 or jben-gal@incat.co
