Tech
goes hunting DreamWorks comes calling Tata
Hindustan
Times October 11, 2005
Tata
Technologies, the Tata Motors' subsidiary that has just
completed the acquisition of UK-based Incat International,
is looking for more acquisitions in southeast and eastern
Asia. The company is also looking at setting up a certification
programme in auto-engineering for engineers in India.
Patrick McGoldrick, the company's Chief Executive Officer
told Hindustan Times in an interview, "the Incat
acquisition gives us a good presence in the UK and especially
in the US, which is home to the large automakers. Now
we want to have a strong presence in Japan."
McGoldrick said, "Incat has an office in Japan
which will be growing. We have already met the employees
and customers. But we will also look for acquisitions
in these markets and have demonstrated through the Incat
acquisition that we are not afraid to acquire."
He said that while Tata Technologies has an offshoring
model that allows it to send work to India, Incat has
a presence with the auto and aerospace companies that
will complement Tata Technologies' offshoring strength.
McGoldrick added, "we are hiring everyday in India.
We will also hire in the United States as we want to
maintain a strong presence at the customer's site. The
certification programme in India will be largely Internet-based
and will be run through channel partners."
On the acquisition plan, McGoldrick said, "we are
obviously looking for something in the design and engineering
field. If they fit our needs, we will continue to acquire
regardless of size or geography. We will be looking
at the depth of skill available with the company, the
customer relationships that they have and the geographies
in which they operate." The company has already
acquired 97 per cent of the shares of Incat International.
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