Aftek Infosys subsidiary Signs pact with German software major Electroniksystem-und Logistik GmbH

Aftek Infosys Ltd has announced that Arexera Information Technologies GmbH a 100% subsidiary of the Company has entered into a strategic tie up with Munich, Germany-based software major Electroniksystem-und Logistik GmbH (ESG). The tie-up is for a period of five years.

The arrangement will see Arexera and ESG collaborating in offering innovative and individual solutions to die automotive sector, primarily in the area of Automotive Telematics and Embedded Technologies. Arexera will be drawing on the Company expertise from its development centres in Pune to execute orders from ESG.

Automotive Telematics is a next generation technology and impacts all aspects of the automotive user experience from human-machine interface, navigation, mapping, traffic information, safety and security aids, mobile internet to remote vehicle diagnostics and control.

The Company is one of the few Indian companies to specialize in Automotive Telematics Embedded Technologies related with the Automobile vertical. The Company is already providing its services in this field to one of the world’s biggest and most prestigious automobile manufacturers - BMW.

The strategic alliance between Arexera and ESG is thus the second customer for the Aftek Group in the last few months from the automotive vertical.

"Aftek has invested significant resources in developing a world class expertise in cutting edge embedded technologies like Automotive Telematics. This is now paying rich dividends in the form of client acquisitions like BMW earlier and ESG now," Ranjit Dhuru, Chairman of the Company said.

Source : Equity Bulls

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