Infospectrum acquires Avexus Inc

Infospectrum, a global provider of technical consulting services, has acquired Avexus Inc a leading solutions provider to companies that own, operate, manufacture, supply, maintain, repair and overhaul high value, complex assets, specifically targetted for aviation industry.

Avexus was valued at over $30 million (Rs 1,350 crore) a year and half ago.

Chief operating officer of Indian arm of the company "" Infospectrum India Private Limited "" Nitin Nistane quoted the company's president, Suresh Radhakrishnan as saying that this was a strategic acquisition in line with the company's long term vision and goals.

"It doubles the size of our customer base and allows Infospectrum to become a dominant force in the MRO market and in India's Rs 4,500 crore aviation MRO market future," said Nistane.

Infospectrum India Pvt Ltd, based in the city, will be the focal point for all customer support, international sales and new product development for the Avexus product line.

Infospectrum India has also bagged multi-year, multi-million dollar assignments from group companies of Kongsberg AS Norway in the field of marine vessel traffic management, satellite imaging, network protocol development and wireless network planning.

Kongsberg AS is $6.5 billion (Rs 30,000 crore) group headquartered in Norway. Kongsberg Gruppen is an internationally-oriented knowledge-based corporation.

The bulk of the group's operations address international markets with a strong and growing geographical distribution of earnings.

Infospectrum India's new infrastructure creation to accommodate 800 resources is in line with the long term vision of Infospectrum, for sustaining the growth, said Jay Chopde, CEO, Infospectrum India Private Limited.