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NEW DELHI: An
engineering solutions provider - QuEST (Quality Engineering
& Software Technologies) - headquartered in the US with
back-end operations in India, is actively scouting for
acquisitions in Europe. It has short listed a couple of
companies with a turnover of $4-5 million in Europe.
" We have earmarked $4-5 million for acquiring an
engineering services player in aerospace arena in Europe.
This is part of our strategy to expand our customer base in
Europe," QuEST president Aravind Melligeri told eFE.
QuEST is promoted by entrepreneurs of Indian origin who
include Mr Melligeri and Ajit Prabhu. The two of them
together hold 60 per cent stake in the company. QuEST was
recently funded by Carlyle Group that holds 20 per cent
stake while the rest is held by employees and management.
Aravind Melligeri
QuEST, which serves customers like the US military, Indian
Space Research Organ-isation, Gas Turbine Research
Establishment in India, etc, is focused on verticals like
aerospace/aircraft engines, automotive/industrial products,
oil and gas and energy and power. It is aggressively eyeing
embedded systems for control management in plants, plant
design engineering and mechanical engineering space.
"We are entering the embedded systems space for controlling
an entire plant. We will design the embedded systems
(microprocessor or computer) in such a way that it would
replace a network of computers and microprocessors with a
single chip or computer," he said.
The company is also keen on working cohesively with its
customers like GE and United Technologies for core product
designing.
"So far, we have been restricted to only non-core product
designing with our customers but now we intend to start
designing the entire product and not just components," Mr
Melligeri said.
QuEST has over 550 engineers and supports global clients in
high-end engineering design and analysis. Close to 450
engineers are based in Bangalore and the rest are spread
across US and Europe. The company is in the process of
setting up operations in China with the support of its VC,
Carlyle Group.
The company claims to earn revenue to the tune of $20
million. Further, Mr Melligeri is confident of the company
crossing the $75 million mark in the next 3-4 years.
The company currently has offices in United States, India,
United Kingdom, Italy, China and Japan. |
