Made in India brand strong in Europe

Made in India brand strong in Europe

Indian companies seem determined not to be affected by the uncertainty around post-Brexit UK and Europe.Centum acquires French company

Centum Electronics Ltd, a Bangalore-based diversified electronics company offering a broad range of products and services in defence, aerospace, space, industrial, medical and communications, has acquired a 51 per cent equity stake in French firm Adetel Group.The company said this transaction translates into greater international presence for the group, in terms of operations and scale for its products, technologies and competencies. Centum can also leverage the technological capabilities of Adetel, along with the cost competitiveness it enjoys as an Indian firm to increase its share in the global markets.Apparao Mallavarapu, chairman and managing director, Centum Electronics, said: “The acquisition makes Centum Electronics one of the forerunners in the market, enhancing its growth... This gives us enormous opportunities since we have design and high-tech manufacturing capabilities."Adetel specialises in design, development and industrialisation of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors. It has operations in the US, Europe and Canada.Tech Mahindra buys UK's BIO Agency

Tech Mahindra, India's software services major, has agreed to purchase UK-based digital services provider BIO Agency Ltd for up to £45 million (Rs 447 crores), including debt.The all-cash deal has been struck at an enterprise value of £40 million and includes payment of up to £5 million in surplus cash.With regards to the deal value, the Indian company said: "The payment of £22 million and the surplus cash will be made upfront and the balance as deferred payments based on company performance."The acquisition brings forth a synergy that will open up more clients for BIO globally (especially in Europe and the US), scaling their offering geographically and enabling new services and deeper digital change.”BIO Agency claims specialisation in digital transformation and innovation and helping clients engage with their customers more effectively. It works with companies across financial services, retail, property, travel and technology sectors.Made-in-India Ford launches in UK

Ford Motor Company's Indian arm is all set to launch the Made-in-India, second-generation Figo in the United Kingdom under the name 'Ka+'.Manufactured at Ford's Sanand plant in Gujarat, the UK model of the Figo has undergone heavy customisation to suit European preferences, which includes six airbags, Ford's sync voice-activated phone and audio system, a smartphone docking station, a speed limiter and hill start assist. Orders have already started coming in and the first cars will be delivered in October.The Ka+ will be the third iteration of Ford's Ka series of cars after the original premium city car Ka from around two decades ago and the second Ka that was produced with Fiat in Poland.Ford India also exports the EcoSport SUV from its Chennai plant. The subcompact SUV is currently exported to South Africa, Taiwan, Australia and several European countries.Ford Motor Company has also revealed that the company will shift the manufacturing of EcoSport SUV′s European-spec batches from its Chennai plant to Romania by the end of 2017.

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