GlobalEdge Software has signed a strategic agreement to acquire hundred per cent stake in Dearborn Electronics (India). As expected by Global Edge Software, this acquisition will strengthen its focus on automotive electronics and industrial automotion embedded systems.
M. P. Kumar, Chairman & CEO, Global Edge Software, said, "This acquisition supports GlobalEdge's current strategy to enter vertical sectors and expand its portfolio in global and domestic markets. With this acquisition, GlobalEdge will be well placed to tap into newer segments like automotive electronics and industrial automation providing enhanced value to customers." said M P Kumar - Chairman & CEO, Global Edge Software.
Srinivas Prasad, Managing Director, Dearborn Electronics (India), said, "We are excited to join Global Edge Software. The synergy with Global Edge Software provides sector expertise, embedded domain knowledge and quality processes. While our clients will continue to grow, they will also benefit from the breadth and depth of next-generation solutions that Global Edge Software offers".
Anand Mutalik, CEO, Dearborn Electronics (India), said, "We are very happy and excited about this partnership that will add greater value to our clients. We are confident that Dearborn, which has strong presence in automotive and industrial automation, will reach greater heights with GlobalEdge."
After this acquisition, Srinivas Prasad will continue to be on the Board of Dearborn India and Anand Mutalik will continue as CEO of Dearborn India.
