Citec partners Cargotec in India
Citec has entered into a long-term partnership with Cargotec, where Cargotec transfers its engineering centre in Pune, India to Citec.
July 1, 2014
Citec has entered into a long-term partnership with Cargotec, where Cargotec transfers its engineering centre in Pune, India to Citec. The transaction includes the transfer of Cargotec’s current engineering business and its 110 employees from Cargotec to Citec.
Cargotec’s engineering centre in Pune is involved in engineering projects for the global cargo handling industry. For Citec, the transaction enables a fast growth in India , as well as strengthened engineering competence for the manufacturing industry. The agreement comes into effect as of 13 June 2014 .
“Cargotec has sought after an engineering partner in India and Citec’s solid experience and track-record in working globally from India made the decision straightforward. This partnership allows Cargotec better flexibility and efficiency, while simultaneously offering great career opportunities for our 110 engineers in Pune. Our strategic intent is to continue to grow and strengthen the market position of the Hiab, Kalmar and MacGregor businesses in India ,” says Olli Isotalo, president, Kalmar at Cargotec.
Citec’s global units will provide Cargotec and its business Hiab, Kalmar and MacGregor engineering and project management services, as well as technical documentation services, for their projects worldwide. “This is a significant step for our operations in India, and it also provides great business opportunities elsewhere. We are ready to serve Cargotec proactively according to our strategic intent, with smart engineering solutions and a wide competence,” says Martin Strand, CEO, Citec.