|[February 12, 2014]
ESI: Acquisition of the Vietnamese company: CAMMECH
PARIS --(Business Wire)--
ESI (News - Alert) (Paris:ESI), pioneer and world-leading provider of Virtual
Engineering solutions, today announces the acquisition of the Vietnamese
company Cam Mechanical Solutions Co., Ltd, (CAMMECH). This facilitates
the creation in Asia of a 'near-shore' services division that will be
dedicated to execution of high value-added projects.
Based in Hô-Chi-Minh city, CAMMECH employs a team of 10 highly qualified
engineers which will serve as a foundation for further expansion in
Computer-Aided Engineering (CAE).
This acquisition brings to ESI an enhanced understanding of the
Vietnamese market and, in that context, the expertise of a local and
highly competent partner fully operational with a skilled management
team. This platform also facilitates recruitment of experienced
engineers, ready to operate immediately.
This new regional foothold is part of the growth strategy within which
ESI Group aims to:
support companies who are already investing in virtual prototyping as
a platform for product development and foster the interest of new
companies and new business sectors in this disruptive technology.
develop centers of competency in economically attractive countries
that also noticeably achieve high levels of education in science and
Based on its successful experience with its Tunisian subsidiary, which
has supported European customers since 2009, ESI is thus replicating the
foundation of a production center in the Far East, with the objective of
delivering high end projects for its Asian customers.
The extension of our worldwide presence will assist our Asian customers
to implement necessary changes as they expand the use of virtual
prototyping to spur innovation and to retain their international
Lech Tomasz KISIELEWICZ, Executive Vice-President for ESI
'Services Operations', comments: « The acquisition of the CAMMECH
company allows the extension of our multi-shore coverage in Asia and the
opening of a new center of competency close to our customers on this
continent. Through this new foothold we will meet the growth in demand
for our services both on local and continental markets, and more
specifically in Japan and South Korea. We are also pleased to welcome a
new highly experienced team on which we can count to support the Group's
development in Asia and around services dedicated to high value-added
About Cam Mechanical Solutions Co., Ltd. (CAMMECH).
CAMMECH was founded in 2010 to deliver technical assistance services
within the CAD area to Vietnamese industrials and international
transplants. The company employs 10 engineers and technicians.
In front of the industrias' emerging demand for virtual engineering
services, ESI appeared as an ideal partner to deliver solutions with
high value-added for local customers.
is a pioneer and world-leading provider in Virtual Prototyping that
takes into account the physics of materials. ESI
boasts a unique know-how in Virtual Product Engineering, based on an
integrated suite of coherent, industry-oriented applications. Addressing
manufacturing industries, Virtual Product Engineering aims to replace
physical prototypes by realistically simulating a product's behavior
during testing, to fine-tune fabrication and assembly processes in
accordance with desired product performance, and to evaluate the impact
on product use under normal or accidental conditions. ESI's
solutions fit into a single collaborative and open environment for
End-to-End Virtual Prototyping. These solutions are delivered using the
latest technologies, including immersive Virtual Reality, to bring
products to life in 3D; helping customers make the right decisions
throughout product development. The company employs about 1,000
high-level specialists worldwide covering more than 40 countries. ESI
Group is listed in compartment C of NYSE Euronext Paris.
For further information, visit www.esi-group.com.
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is the leader and a pioneer in virtual prototyping solutions.
Stock market information
Listed on compartment C of the NYSE Euronext Paris
Bloomberg ESI FP
Reuters (News - Alert)
Granted "entreprise innovante" (innovative company)
certification on January 20, 2000 by OSEO, ESI
Group is eligible for inclusion in FCPI (venture capital
trusts dedicated to innovation).
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