BPO major Genpact today said it will acquire US-based Triumph Engineering Corp,which provides engineering and technical services to aviation,energy,and oil and gas industries,for an undisclosed amount.
Triumph enhances Genpact8217;s services portfolio for the infrastructure and manufacturing sector by adding capabilities in the large and high-growth segment of engineering and technical services,Genpact said in a statement.
Closing is subject to satisfaction of certain customary conditions,it added.
8220;We are seeing a huge demand for engineering services in highly technology-intensive industries like aviation,energy and oil and gas.
8220;This acquisition will allow us to combine Triumph8217;s onsite expertise and depth in engineering with our global scale,end-to-end process management,analytics,and technology capabilities to meet this growing demand,8221; Genpact president and CEO NV Tyagarajan said.
As part of the deal,90 Triumph employees will become part of Genpact8217;s Infrastructure,Manufacturing and Services IMS vertical,it said.
8220;Our plan is to build out engineering centers of excellence COEs with an initial focus on the aviation and energy sectors,which we would later expand to cover other manufacturing segments,8221; Tyagarajan said.
Triumph provides engineering services like product definition and design,product documentation and analysis.
It also provides engineering IT services like product lifecycle management PLM implementation and customisation.