ASE S.P.A, Cyient Ink Deal For Joint Market Development
HYDERABAD: ASE S.P.A., a privately-owned Italian supplier of electrical power generation and distribution systems to aerospace and defense industry, and Cyient Inc a subsidiary of the Cyient Limited, today announced a joint go-to-market agreement for joint market development of products in the electric power generation arena.
According to a release issued by Cyient, the agreement which was signed at the Cyient exhibition booth at the Aero India 2017 being held at Bengaluru will provide full life-cycle services, products, and systems to the aerospace and defense industry.
The combination of Cyient's industry knowledge and experience combined with ASE's expertise will help to develop new products and solutions in electrical power generation and also in conversion, management, and distribution systems, it said.
This will help to strengthen Cyient's combined business opportunities worldwide including possible offset discharge obligations, it said.
"This collaboration coincides with our company strategy of being a leading global provider of design, build, and maintain solutions for the aerospace and defense industry.
"It also enables both Cyient and ASE to leverage each other's engineering and manufacturing capabilities, thus increasing support to OEMs and improving life service offerings to existing and future clients," said Krishna Bodanapu, Managing Director and CEO, Cyient.
Carmelo Cosentino, President, ASE, said, the alliance is strategically important for both companies in moving their existing good relationship towards an upper level of collaboration.
"We look forward to working together in a closer way to leverage our joint capabilities in aerospace with the aim to offer a combined and more comprehensive range of products and services," Cosentino said.
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