Opens new office in Baden
Baden, Switzerland – April 5, 2019
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has strengthened its capabilities and presence in the turbomachinery and propulsion space with the opening of a new Infosys office in Baden, Switzerland. This office is part of Infosys’ overall growth strategy of helping clients navigate their digital transformation journeys and will play an integral role in providing clients in the energy and aviation industries, the latest innovations in the fossil and renewable energy markets and aerospace.
Baden has been home and a core knowledge base to the engineering industry, building on the legacy of Brown Boveri, one of the pioneers in the turbomachinery industry. By establishing Baden as a key center for its turbomachinery and propulsion business, Infosys strengthens its existing capabilities that are currently delivered through a network of engineering centres in Mysore, Moscow and Karlovac. The office will provide services including the design of core components and accessories, system integration, testing and validation, controls and automation, customer service, manufacturing, and field support as well as a range of advanced digital technologies.
Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, “This office is an important step in our strategy to strengthen our capabilities to deliver end-to-end solutions to our customers in the turbomachinery and propulsion industry. Through our partnership with GE, we have been able to enhance our competencies in this domain with the onboarding of talent from its engineering business. With a large number of clients in these industries based in Europe, this office is strategically located to meet the growing needs of our clients in the region.”
“We are committed to helping our clients leverage the potential of engineering services to effectively transform their businesses. This office will accelerate that effort by providing clients access to a strong pool of talent in this niche domain. Not only will this office strengthen our capabilities locally, but it will also enhance the capabilities of a global network that provides a wide range of engineering capabilities to clients across domains,” said Nitesh Bansal, Senior Vice President and Global Head of Engineering Services, Infosys.
“Baden has been an important economic region and knowledge center for centuries,” said Dr. Urs Hofmann, President of the Cantonal Government Minister of Economy and Interior. “We are honored that Infosys is investing in the region to support and advance this business location with new technologies and services as well as jobs.”
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements mentioned in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, data privacy breaches or cyber security incidents, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2018. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
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