VIAS3D eyes EV industry business, acquires CADmarC Software
Trivandrum-based CADmarC Software is a specialist engineering company engaged in providing customised design-based solutions to industries, including automotive.
Houston-headquartered VIAS3D, a specialised provider of digital engineering solutions and its subsidiary in India, has announced the acquisition of Trivandrum-based CADmarC Software. This is the first acquisition by VIAS3D in India.
CADmarC Software is a specialist engineering company engaged in providing customised design-based solutions to industries, including the automotive sector. Its clientele includes Toyota Boshoku Automotive India, Saint-Gobain, Aisin, Kawasaki and Desmaco Engineering among others.
CADmarC Software has branch offices in Bangalore, Kochi, Coimbatore, Chennai, Hyderabad and Pune.
VIAS3D has made successful acquisitions in the USA and Mexico in the past, as a part of its growth strategy in line with its aim to significantly augment its reach in both traditional and emerging markets.
This acquisition is done with the vision of creating value for Indian and global clients by providing the top-notch engineering service and broaden the reach to both core as well as emerging industries. VIAS3D aims to double its revenue by 2025, growing at 30% to 50% CAGR per year by catering to industries such as electric vehicles, high tech, manufacturing and aerospace in their product development.
Sumanth Kumar, Global CEO of VIAS3D, said, “We are extremely proud to be able to expand our solutions and services in India with this latest acquisition. VIAS3D has made a mark in the industry by having top-notch technical experts in India, backed by a seasoned global engineering team in USA & Mexico with in-depth knowledge of various industry processes. We welcome the CADmarC team with open arms to provide global value to the engineering community.”
“This will help innovative companies to adopt the best-in-class product development solutions. The combined customer base will also add to VIAS3D’s outreach from private companies to now providing services and solutions to the Government sector as well.” He added.
Manmadhan MK, the founder of CADmarC, said, “CADmarC Software and VIAS3D share common values of placing customers first and offering deep technical expertise to help them succeed. We are confident that VIAS3D will continue to provide strong customer support and attention to our clients.”
With the advanced expertise of VIAS3D on the 3DExperience platform along with the rich history in Simulia and Catia product suites from Dassault Systemes, the acquisition in India brings in strong partner support for the existing customers.
Main image courtesy: VIAS3D
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