Onward Technologies Limited, (OTL), a leading global supplier of mechanical Engineering Design (EDS) and Information Technology (IT) Consulting services has firmed up its operations in Europe by opening a full-fledged office in Frankfurt, Germany. The new office will cater to Europe’s high-growth market for mechanical engineering services (EDS) and service its widening base of clients from various industries such as automotive aerospace, Industrial component, off high equipment, etc.
The Engineering Design Services business, has seen a robust growth of 25% per cent in recent years mainly owing to an increase in business volumes from global markets. With the new office in Frankfurt in place, the Company is now aiming at increasing its market share in Europe from 5% per cent to 20% per cent.
The new office in Frankfurt will facilitate the Company to build local client relationship management, delivery and execution. This is in line with global expansion plan of the company catering to demand from its customers and prospects in the main regions of the Company, mainly Europe and North America. With this strategy, Onward Technologies enjoys a distinguished status in the Engineering Services sector.
The setting up of a new office is in line with the Company’s strategy whereby it inducts an independent management teams for each market where the Company has it presence.
Commenting on the progress Mr. Harish Mehta, Chairman and Managing Director, Onward Technologies Limited said, “We are pleased to announce the opening of our first office in Germany. This will provide us an opportunity to serve the customers in the European region.”
He further added, “Our team in Germany will be focused on selling and delivering quality services to the European customers. We are close to many clients across the area, and the international airport gives us access to our global customers worldwide.”
