Cyient Inc and ASE S.p.A. sign a joint market agreement

BENGALURU: ASE S.p.A., a privately-owned Italian supplier of electrical power generation and distribution systems to aerospace and defense industry, and Cyient Inc. a subsidiary of the Cyient Ltd. today announced a joint go-to-market agreement for joint market development of products in the electric power generation arena at the Aero India 2017 exhibition.

“This collaboration coincides with our company strategy of being a leading global provider of design, build, and maintain solutions for the aerospace and defense industry. It also enables both Cyient and ASE to leverage each other’s engineering and manufacturing capabilities, thus increasing support to OEMs and improving life service offerings to existing and future clients,” said Krishna Bodanapu, CEO, Cyient in a press statement.

The agreement was signed at the Cyient exhibition booth at the Aero India 2017 by Bodanapu, and Carmelo Cosentino, President, ASE.

Cosentino said that the alliance is strategically important for both parties, and they look forward to working closely to leverage joint capabilities in aerospace to offer a combined and more comprehensive range of products and services.

The press statement released by Cyient said that the company’s industry knowledge coupled with ASE’s expertise will help develop new products and solutions in electrical power generation space, and will strengthen business opportunities worldwide including possible offset discharge obligations.