Fokker Elmo, a business unit of Fokker Technologies and SASMOS HET Technologies Ltd. have signed Agreements for producing electrical wiring interconnection systems in Bangalore, India.
Recognizing the Indian aviation market is one of the fastest growing and most dynamic
aviation markets in the world, aircraft manufacturers have the need for Indian Industrial Participation, presenting an excellent business development opportunity for Fokker Elmo and SASMOS.
Over time, this Indian business model is expected to grow to attractive values for both companies.
These Agreements have been signed at the Farnborough Airshow 2014 by Mr. Tim Hayter President of Fokker Elmo and Mr. Chandrashekar, Managing Director at SASMOS.
Quote Mr. Tim Hayter: “For the last three years Fokker Elmo and SASMOS have been working together towards this moment, which is an important stepping stone in our strategy to extend our global presence with India. We are proud to work together with SASMOS. We foresee that the combination of our extensive wiring background and our joint vision regarding developments in the aerospace market in India will lead to exciting growth opportunities”
Quote Mr. Chandrashekar: ”We at SASMOS, as an Indian company, are very pleased and proud to be working with such a prestigious and historic company as Fokker. We believe that the SASMOS and Fokker team together can really accelerate growth for both companies and is able to satisfy the electrical wiring interconnection needs for the global aviation industry”.
Source: Fokker Aerostructures
Date: Jul 16, 2014