Empresas y finanzas

QuEST Global Announces Acquisition of Interface to Further EnhanceIts Service Offerings

QuEST Global Engineering, a leading product development and engineering solutions company, with headquarters in Singapore, announced today that it has completed the acquisition of Interface of Spain, with key capabilities in Product Design, Engineering of Processes and Logistic Support. The competencies acquired through this acquisition amongst others like Test / Integration Engineering, Avionic System Engineering, Integrated Logistic Support, and Process Engineering or Tech Translations, would be "˜Plant Design engineering´ and "˜Technical Publications´. This will now empower QuEST Global with one of the broadest portfolios of end-to-end engineering services, focused on helping clients to accelerate growth, mitigate risks and lower and optimize costs.

This acquisition increases the headcount of QuEST Global to 2700 employees worldwide creating a milestone in QuEST´s diversification strategy and brings them a step closer to achieving the 2015 goals.

Interface, founded in 2003, a Madrid based company, possesses key competencies in product & systems engineering, support engineering and process engineering catering to the aeronautical, naval and industrial markets. With a wide footprint spread across 9 cities in Spain such as Madrid, Sevilla, Valladolid, Ferrol, Cádiz, Zamudio, Cartagena, Pamplona, and Albacete, Interface has a team of 224 engineers capable of supporting both military applications (export controlled) and commercial applications. The company´s experience in serving major aerospace and industrial companies includes equipment design, system design, technical documentation and plant design engineering.

Commenting on the occasion, Mr. Ajit Prabhu, CEO, QuEST Global Engineering, said, "This is an important day for QuEST Global and for Interface and for the clients we jointly support. Independently, both companies are recognized industry leaders in our respective domains, with capabilities that complement each other. Therefore this association now enhances the capabilities of QuEST as a global leader to better serve our clients - whatever their size, location or sector. In addition to QuEST today offering one of the most comprehensive and competitive portfolios in the industry, the Interface acquisition further reinforces our strategy of enhancing the overall profitability of our customers around the globe."

"Most importantly with the combined scale and strength of both companies, customers stand to benefit the most, as the transition will open up a whole new range of opportunities with renewed service standards. We at Interface knew that amongst capabilities, compatibility was a key factor for this partnership. Our mindset, culture and vision are well aligned and this provides the right ingredients for success," said Marcos Vega Ortiz, Director General, Interface.

"Effectiveness and efficiency are two focus areas for any business to succeed. With the amalgamation of complementary competencies, I see this as a great opportunity to leverage the combined talents as one single service offering in engineering excellence to our customers. The other priority area for a successful business is to look at and address the larger picture in the long term. I am confident that we will be able to address that as well. As a famous Spanish writer once said--you only progress when you think big, it is only possible to advance when you look far," added Pedro Lozano, Co-founder and Director of Operations, Interface.

About QuEST Global Engineering:

QuEST Global Engineering is a diversified Engineering Services company, employing 2700 professionals across 13 global delivery centers. The company helps customers in Aero engines, Aerospace & Defense, Power Generation, Oil & Gas, Industrial Machines, Consumer Goods and other verticals to cut product development and project costs, shorten lead times, extend capacity and maximize engineering resources availability by providing support across the complete product life cycle. We leverage our local presence and global reach to support engineering cost reduction initiatives for our customers. More information is available at: http://www.quest-global.com