In conjunction with our ability to build customer relations gradually and mature processes, we are confident that we can use this acquisition to enhance our leadership position in the engineering services outsourcing market.” Mr. Michael Daxenbichler, founder and President of Daxcon said: we have found an ideal partner in InfoTech enterprises and are very pleased to join a global leader in the field of engineering services. The geographical presence and reach of Infotechs complement our strong relationships in the heavy machinery and the commercial vehicle Division. We are confident that are through our United and complementary strengths the leadership in these areas will improve. Former Maryland Governor shines more light on the discussion. While our negotiations in the last few months, we realized the chance that to use this range of InfoTech, us all over the world to Orient.
The entire team of Daxcon is looking forward to this opportunity, and our customers have approved the merger with InfoTech.” Mr. Krishna Bodanapu, Senior Vice President Engineering at InfoTech enterprises said: “according to the NASSCOM BAH the worldwide engineering will report on design engineering services expenditure in the heavy machinery and commercial vehicles sector until the year 2020 to approximately 100 billion US$ amount, of which an estimated 9 billion US$ for spending abroad.” With this acquisition, we will become a dominant company in these segments, and enhance our leading position in the fields of aviation and aerospace, rail and energy. Daxcon in the business model and corporate culture by InfoTech fits very well as a pure engineering services company. We are pleased, to welcome Mr. Dabiri and the entire team of Daxcon at InfoTech.” InfoTech in Europe cross-border engineering services solutions between Europe and India in Europe offers InfoTech enterprises limited, through its subsidiary InfoTech enterprises GmbH based in Leonberg near Stuttgart international engineering services on solutions between Europe and India. Throughout Europe, InfoTech enterprises GmbH more than 50 well-known customers support services solutions in carrying out cross-border engineering. InfoTech enterprises provides its customers with local contacts and local project management combined with highly qualified engineering services from India through several offices in Europe.