Cranes Acquires Engineering Technology Associates

Cranes Software International Ltd. (CSIL) has announced the acquisition of US based Engineering Technology Associates (ETA), through its subsidiary Cranes Software Inc. CSIL will synergise and expand the design and development efforts between the Bangalore and ETA-China operations with headquarters in Shanghai.

Discussing the value that Cranes will accrue through this acquisition, Asif Khader, Managing Director, Cranes Software International said, "The acquisition of ETA has added tremendous boost to our product portfolio since we are one of the leading providers of CAE centric products ranging from Engineering Design to Product Development to Lifecycle Management, for the auto industry. This acquisition also gives Cranes access to the lucrative Asian markets and thereby expand the operations of the Chinese design centre by forming alliances with leading Asian car manufacturers for end-to-end design and development specifications.Accordingly, Cranes will be able to leverage its core design testing, virtual simulation and product design skills across a broader range of engineering needs to serve the high growth oriented emerging Asian economies."