Infosys Expands Engineering Services Footprint to Support Ansaldo Energia

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Sep 14, 2016, 05:30 ET

BANGALORE, September 14, 2016 /PRNewswire/ --

Establishes New Engineering Delivery Centers in Croatia and Russia

Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced an agreement to provide engineering services to Ansaldo Energia, a producer of thermoelectric power plants. To support Ansaldo Energia, Infosys will expand its global service delivery network into Eastern Europe and Russia's established heavy engineering sector by creating two development centers - in Karlovac in Croatia and Moscow in Russia.

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Ansaldo Energia supports public and private sector power producers with a range of plant engineering, manufacturing and service activities.

Infosys will deliver research and development service delivery and capabilities, along with engineering services to the enlarged Ansaldo Energia business.

The new Infosys facilities in the two countries will have an initial combined capacity of up to 180 seats and operate as centers of excellence for engineering skills in turbo machinery, aerospace and automotive. As well as supporting Ansaldo Energia, the centers will support a wide roster of engineering clients. The new centers will initially be staffed by engineers that bring to Infosys extensive experience previously gained while they were part of Alstom.

Croatia and Russia possess a wealth of heavy engineering skills, enabling the delivery of essential support services to sectors including energy generation, transportation and exploration.

Quotes:

Juerg Schmidli, President, Ansaldo Energia, Switzerland

"The combination of the former Alstom team with the global footprint of Infosys engineering services will help us meet our growth targets in the gas turbine industry. The existing teams have deep and longstanding expertise in power turbine design which will be important in our process of extending our technology capabilities and product portfolio in the advanced heavy duty gas turbine business."

Sandeep Dadlani, President and Global Head - Manufacturing, Retail, CPG and Logistics, Infosys

"The agreement with Ansaldo Energia is a landmark in the development of our engineering services capabilities. As well as providing valuable services to Ansaldo Energia in the development of new gas turbines, the strengthening of design services capabilities comes at a time when the industry is increasingly looking at digital design services and innovations to radically transform the cost and speed of production of industrial equipment. The establishment of centers in Croatia and Russia enables us to tap into a rich pool of engineering talent and bring this to the industrial and manufacturing companies that we work with around the world."

About Infosys

Infosys is a global leader in technology services and consulting. We enable clients in more than 50 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 190,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies, that we bring to every project we undertake.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor

Certain statements in this press 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, time and cost overruns on fixed-price, fixed-time frame contracts, 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, 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, 2016. These filings are available at http://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. In addition, please note that the date of this press release is September 14, 2016, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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.

SOURCE Infosys