QuEST Global Services Pte Ltd, a global provider of outsourced engineering services, has entered into a US$ 75m investment agreement with private equity firm Warburg Pincus.
With the transaction, Warburg Pincus will take a minority stake in the company.
The company intends to use the funds to develop its infrastructure and strengthen its position in the core business.
QuEST Global Services serves customers in aerospace and defense, aero engines, power generation, oil & gas and industrial products, and specializes in establishing dedicated low cost engineering centers for global engineering majors.
The company has over 2000 employees and delivery centers in India, USA, Italy, Japan, Germany, France, Spain and UK.
FinSMEs
02/12/2010