Aftek inks JV with Europe's ESG

New Delhi, Mar 1 (UNI) Technology enabled products and IT services provider Aftek Ltd today said it will form a joint venture with European software and systems company ESG Electroniksystem-und Logistik GmbH to exploit opportunities in Europe and India.

The JV will help offshore work to India for ESG's clients in the automotive sector and in spreading its presence across Europe using ESG's reach, market penetration and relationships.

It will also look at marketing ESG's expertise in the defence, aerospace, public sector and logistics market segments to clients in India.

Details of the joint venture including ownership pattern and equity structure are being worked out, a statement said.

''We already have a strong presence in Europe through our German-based subsidiary Arexera Information Technologies. The strengthening of the relationship with ESG will help us deliver quality software services to its list of marquee clients,'' Aftek's Chairman and Managing Director Ranjit Dhuru said.

UNI