Neilsoft to set up engg centres in UK, Germany

Neilsoft, the Pune-based specialist engineering and technology solutions company, is planning to set up engineering resource centres in UK, Germany and Ahmedabad. The centres are expected to supplement the company's recent foray into construction related services.

The company's engineering resource centres, also called virtual captives, are established according to client specifications and size requirements. The centers are operated with teams working off-shore, near shore or both.

Having set up its engineering centres in Chicago, Detroit, one near London and within the country at Pune and Hubli in Karnataka, the company will establish the three new centres at an investment of around $2-3 million.

Its centre in Germany will come up on the premises of Triplan AG, a German company with whom Neilsoft had signed a memorandum of understanding (MoU) to set up a joint venture company earlier this year where Neilsoft took a 60 per cent stake.

The joint venture will own, design, develop and internationally distribute plant design software solutions of IT and factory, a susidiary created by Triplan AG with its other subsidiaries for the life sciences, chemicals, food and beverages, petrochemicals and process plant segments.

At Ahmedabad, the centre will house expertise in building systems while those abroad will focus on construction and other verticals of the company, including industrial machinery, automotives, software and marine projects.

The engineering centres are likely to come up by the end of 2007.

Neilsoft is looking at expanding its presence in the overseas markets and has decided to concentrate on the untapped markets of Germany, Middle east, Singapore and Australia for its construction vertical.