 "Centum Electronics acquires French Adetel Group")
Centum Electronics, the Bangalore-based diversified electronics company offering a broad range of products and services in defence, aerospace, space, industrial, medical and communications, has acquired 51 percent controlling stake in Adetel Group of France. Adetel specialises in design, development and industrialisation of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors.
Apparao Mallavarapu, chairman and managing director, Centum Electronics, commented, “The acquisition now makes Centum Electronics one of the forerunners in the market, enhancing the company’s already expanding growth and performance. Adetel brings in excellent services and an established customer base. This would be a pioneer step into entering new markets, giving us enormous opportunities since we have a very unique proposition of design and high-tech manufacturing capabilities.”
Adetel Group has a global presence with over 600 employees spread across France, Canada, US and Morocco. Centum Electronics can leverage on the high technology capabilities and creativity of Adetel along with the cost competitiveness of India and Centum in particular to increase its market share globally.
“We can now accelerate growth, fill product portfolio gaps, improve our market position, benefit from the use of even more advanced technology and of course, establish a wider, more international presence in operations and sales with facilities in France, Canada, US and Morocco,” added Mallavarapu.
Apparao Mallavarapu, chairman and managing director, Centum Electronics, commented, “The acquisition now makes Centum Electronics one of the forerunners in the market, enhancing the company’s already expanding growth and performance. Adetel brings in excellent services and an established customer base. This would be a pioneer step into entering new markets, giving us enormous opportunities since we have a very unique proposition of design and high-tech manufacturing capabilities.”
Adetel Group has a global presence with over 600 employees spread across France, Canada, US and Morocco. Centum Electronics can leverage on the high technology capabilities and creativity of Adetel along with the cost competitiveness of India and Centum in particular to increase its market share globally.
“We can now accelerate growth, fill product portfolio gaps, improve our market position, benefit from the use of even more advanced technology and of course, establish a wider, more international presence in operations and sales with facilities in France, Canada, US and Morocco,” added Mallavarapu.