Toulouse, February 27th, 2017
The IGE+XAO Group creates a subsidiary in India.
IGE+XAO announces the creation of IGE+XAO INDIA Private Limited in Bangalore, at the heart of the Indian "Silicon Valley".
IGE+XAO INDIA will distribute IGE+XAO Electrical CAD, PLM and Simulation software ranges on the rapidly expanding Indian market. It will target local key accounts as well as Small and Medium businesses (SMB).
"This new site is part of our strategy consisting of increasing our visibility in Asia. India, with its potential high growth, is an essential market for IGE+XAO. This new subsidiary will enable us to increase our customer base and support our international accounts having operations in India, in particular in the automotive, aerospace and railway industries" declared Alain Di Crescenzo, Chairman and CEO of the IGE+XAO Group.
ABOUT THE IGE+XAO GROUP
For over 30 years, the IGE+XAO Group has been a software publisher designing, producing, selling and supporting a range of Computer Aided Design (CAD), Product Lifecycle Management (PLM) and Simulation software dedicated to Electrical Engineering. These software products have been designed to help manufacturers in the design and maintenance of the electrical part of any type of installation. This type of CAD/PLM/Simulation is called "Electrical CAD/PLM/Simulation". IGE+XAO has built a range of Electrical CAD/PLM/Simulation software designed for all the manufacturers. IGE+XAO employs 390 people around the world at 33 sites and in 22 countries, and has more than 86,400 licences distributed around the world. IGE+XAO is a reference in its field. For more information: http://www.ige-xao.com
IGE+XAO GROUP CONTACTS
IGE+XAO Group, 16 Boulevard Déodat de Séverac - CS 90312 - 31773 Colomiers cedex - France
Phone: +33 (0)5 62 74 36 36 - Fax: +33 (0)5 62 74 36 37 - www.ige-xao.com
Listed on NYSE Euronext Paris - Compartment C - ISIN FR 0000030827
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Analysts/ Investors contact: Alain Di Crescenzo (Chairman of the Group): +33 (0)5 62 74 36 36
Press contact: Christian Colin: +33 (0)5 62 74 36 08
