SYSTRA announces the acquisition of SAI, the Indian engineering company. SAI is based in Ahmedabad, was founded in 1983 and employs more than 600 staff. The company provides engineering consultancy services in transportation, buildings and environment. Revenues for 2013 were 11 million Euros, including 30% abroad.
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\u201cThis acquisition is in line with the targets for SYSTRA 2018, our development plan\u201d, declared Pierre Verzat, Chief Executive Office of SYSTRA. \u201cThe purchase of SAI will allow us to be more present in India, a market where we already have a subsidiary. SAI is located in the West of the Indian subcontinent, in the state of Gujarat, which has enjoyed impressive economic growth over the past few years,\u201d Pierre Verzat added.
\u201cCombined with the know-how of SYSTRA India, this operation will give SYSTRA the critical mass necessary to become a major player in this country whose government sees public transport as key to growth. Moreover, India will serve as a production hub for our Asian clients\u201d, explained Bruno Schmitt, a member of SYSTRA\u2019s executive board and head of the Group\u2019s acquisition operations. \u201cSAI\u2019s acknowledged mastery of project management and supervision will enrich SYSTRA\u2019s expertise in the field of railway design. Thanks to this union, our clients in India, and all over Asia, will benefit from a broader value proposition.\u201d<\/p>\n\n\n\n
\u201cThis is a win-win strategy for SAI\u201d, declared Mr\u00a0Hemant Modi, President and CEO of SAI. \u201cOur engineers are impatient to contribute to the international development of the SYSTRA Group. Their reputation as the world leader in the mass transit and rail market has grown massively in India as well as in the rest of Asia\u201d, he added.
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In 2018, SYSTRA Group\u2019s Subsidiary in India – SYSTRA India and SAI merged to form one brand as \u201cSYSTRA Group in India\u201d. Legal formalities are still yet to happen officially but internally the subsidiary has merged into one entity.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the acquisition of SAI, an Indian company with a staff of 600, SYSTRA consolidates its position on the Indian market and increases its capacity to work on Asian markets. Further in 2018, SYSTRA India and SAI merges into \u201cSYSTRA Group In India\u201d.<\/p>\n","protected":false},"author":55,"featured_media":5327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"5281,5036,5050,4920,5255,5039","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classe"],"acf":[],"yoast_head":"\n