Advertisment

Cranes acquires Indian CAE player

author-image
CIOL Bureau
New Update

NEW DELHI: Cranes Software International Ltd (CSIL), a global scientific and engineering software solutions provider, has acquired Engineering Mechanics Research Corporation (EMRC) in India with its customers, brand names, trademarks, ongoing contracts, personnel and fixed assets.

EMRC is the developer of NISA suite of products and a player in the field of Computer Aided Engineering (CAE). The company provides consulting services and customized software in this domain.

According to the press release, this acquisition will immediately give CSIL access to diversify into scientific and engineering software specifically in the Engineering Services domain. The consideration for this acquisition is part of a deal of $1.5 million including the US arm of the EMRC operation, currently waiting some statutory clearances in US.

Announcing the acquisition, CSIL MD Asif Khader said, "EMRC provides comprehensive capabilities in the computer aided engineering (CAE) space with high quality products suite, many years of product experience and extensive global usage backed by a worldwide sales and support organization. Its acquisition is in line with our strategy of purchasing undervalued assets that provide substantial growth potential by leveraging our existing strengths and capabilities. With this acquisition, we have now addressed the vast potential of the mechanical, civil, automobile, aerospace and electrical engineering market, thereby extending the range of software that we take to engineers globally".

tech-news