KLG Systel Ltd has acquired 51 per cent stake in Atlantis Lab Pvt Ltd. Atlantis Labs will now form a subsidiary of KLG Systel Ltd, catering to the strong domestic market, while also tapping engineering services outsourcing opportunities from developed countries such as North America and Europe.

Atlantis Lab's current service offerings include product design, design automation, design simulation, tool design, design data migration, and PDM/ PLM solutions for the growing automobile, aerospace, Industrial machinery and Heavy Engineering markets.

The relationship will also provide KLG Systel an opportunity to widen its reach to the three design hubs of the country, which are Chennai, Pune and Bangalore. Atlantis Lab already has a strong base in these cities.

KLG Systel plans to grow the newly acquired subsidiary to an estimated 1000 design and analysis seats by the year 2008. The new subsidiary will focus on automotive, aerospace, industrial machinery, heavy engineering, ship building, power and process verticals where there is a strong demand for product design and product life cycle solutions and services.

New offering :
The new subsidiary will offer a state of the art design solution and services like FEA (Finite Element Analysis) / FEM in static, vibration, crash, impact, CFD (Computational Fluid Dynamics), NVH (Noise Vibration Harshness), BIW weld fixtures, Mold Flow analysis, Reverse Engineering, Electronics & Navigation systems, Technical Documentation, NC path generation, Plant Design, Plant stress analysis etc.

This design centre will have an ultra modern RPD (Rapid Prototyping) and testing facilities for the industry, providing KLG Systel's clients to carry out live prototyping and testing of the designs are being delivered.

Currently there are very few design centers in the world, which offer a complete solution from design to prototyping and testing.

The coming years will see the subsidiary setting up ODC (Offshore Design centers) for its Global and Indian clients. These will be capable of designing and developing complete products from India giving competitive edge to its clients in terms of productivity and value.

Seeing the high global demand for design and engineering services, KLG Systel has already initiated work in this area by setting up an infrastructure for 1000, state of the art design and analysis stations at its headquarters at Gurgaon in Haryana.

For further information, please visits the links listed below :

Hindu - KLG Systel buys stake in Atlantis

Brokers Report - Atlantis will become a subsidiary of KLG Systel

Equity Bulls - KLG Systel with strategic alliance with Atlantis Lab