Data Patterns Group India, SELEX Galileo Sign Agreement to Work Together on Defence Electronics
Data Patterns Group and SELEX Galileo, a Finmeccanica Company, have signed a Head of Terms agreement with a view towards forming a Joint Venture (JV) later this year. The joint venture will be located in Chennai, India and will focus on a broad range of defence electronic products and state-of-the-art technology developments. The two companies will leverage their strong development and manufacturing capabilities and their advanced product ranges.
“This joint venture will bring a technology value to India’s growing defence programmes” said S Rangarajan, CEO of Data Patterns Group, adding: “SELEX Galileo is a leading global player and we are happy and proud to form a joint venture with them. This synergy will strengthen our capabilities to address our defence requirements with today’s technology solutions.”
Fabrizio Giulianini, CEO of SELEX Galileo agreed, saying “This Joint Venture will establish a centre of excellence for key technologies in the defence electronics sector. It is a truly value adding JV on both sides and will create an effective partnership that will foster and sustain the long term prospects of both companies.”
Both SELEX Galileo and Data Patterns Group share a passion for cutting edge development and there is a strong correlation between the product capabilities and technologies of both of the companies.
The joint venture will provide greater thrust to critical technologies at a product and system level in ‘Buy and Make’, ‘Make’ and ‘Offset’ programmes in the areas of Avionics, Navigation, Radars, UAVs, FINSAS etc in the Indian defence market and also facilitate access to export markets.
