New Delhi: Quest International, a number one international product engineering companies firm, has acquired a majority stake in Folks Tech Group, a pacesetter in next-generation digital transformation and digital innovation for Fortune 500 shoppers.
With places of work throughout the US, and a improvement centre in Hyderabad, the acquisition of Folks Tech will broaden Quest International’s footprint in India and North America inside the automotive and hi-tech industries, the corporate mentioned.
This strategic partnership permits Quest International to raised serve clients, particularly OEMs within the automotive trade, by offering expanded experience in digital transformation for Software program Outlined Automobiles (SDV). Particularly, Folks Tech has robust capabilities in structure, design, UX, improvement and testing of HMI & functions for infotainment techniques and instrument clusters.
As well as, the corporate focuses on Software program in Loop (SIL) and Mannequin in Loop (MIL) testing of ADAS techniques. Folks Tech additionally strengthens Quest International’s capabilities in enterprise software program, cloud, knowledge engineering, and analytics for the dynamic Hello-Tech trade.
“With Folks Tech’s in depth expertise and experience, we’re well-positioned to speed up development, scale operations, and handle the evolving wants of our shoppers globally as we try to be essentially the most trusted companion for the world’s hardest engineering issues,” mentioned Ajit Prabhu, Chairman & CEO, Quest International. “This strategic union strikes us ahead on our journey to ship modern digital transformation and product engineering options to our clients within the Automotive and Hello-Tech industries as we proceed on our journey to turn into a centenary group.”
Collectively, Folks Tech and Quest International will leverage new and complementary capabilities, broaden choices to current shoppers, and serve new shoppers with modern digital transformation and product engineering options. With entry to Quest International’s sources, experience and consumer attain, Folks Tech will proceed to broaden its operations and capabilities.
“This marks a brand new chapter for Folks Tech, and we’re thrilled to turn into a part of the Quest International household,” mentioned Vishwa Prasad, Founder and CEO of Folks Tech. “Our shared values and dedication to excellence make this integration a pure match. We’re each recognized for serving to our clients remedy their most difficult issues. With this transaction we can carry our Information/AI and Enterprise Software program companies to a broader consumer base and leverage the substantial trade experience of Quest International sources.”
