ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tata-consulting-engineers” target=”_blank”>Tata Consulting Engineers (TCE), a design, engineering, and project management consultancy, on Thursday announced the data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/acquisition”>acquisition of 75-year old US-based ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/cdi-engineering-solutions” target=”_blank”>CDI Engineering Solutions (CDI), formerly Comprehensive Designers, Inc. (CDI) to mark entry into the North American market. The financial details of the transaction were not disclosed. “The acquisition of CDI marks a deliberate step towards expanding TCE’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/global-footprint” target=”_blank”>global footprint and scaling its expertise… With its expertise and a client base that includes several Fortune 500 companies, CDI’s capabilities complement TCE’s strengths in engineering design and project management,” TCE said in a statement.

TCE’s global delivery platform will now include CDI’s eight engineering centres in the US.

“This acquisition creates a platform for innovation and sustainable engineering solutions. By combining TCE’s expertise in engineering design and project management with CDI’s technical excellence and established North American presence, we are forming a competitive entity capable of delivering exceptional value to clients. Together, we can address urgent global priorities, from energy transition to ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/sustainable-infrastructure-development” target=”_blank”>sustainable infrastructure development,” said Amit Sharma, managing director & chief executive officer at TCE.

Founded in 1962 as Tata Ebasco, a joint venture between Tata Group and US-based Ebasco Services Inc, to offer ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/engineering-design-solutions” target=”_blank”>engineering design solutions for Tata Power, TCE is now a 100% subsidiary of Tata Sons, one of India’s largest privately-held conglomerate.

In 1968 Tatas took over the share of Tata Ebasco to become Tata Consulting Engineers.

As on fiscal year ending March 2024, India constituted around 60% of TCE’s consolidated revenue of Rs 1,406 crore, employing over 6000 workforce. According to an April report by ICRA ratings agency, TCE derives approximately 35% of its revenue from domestic government clients.“TCE and CDI share a commitment to engineering excellence and sustainability. This partnership offers a unique opportunity to deliver value for clients and growth opportunities for our employees. By leveraging our complementary strengths, we will push the boundaries of engineering innovation,” said Steve Karlovic, president of CDI Engineering Solutions.

Founded in 1950 as Comprehensive Designers, Inc., CDI Engineering Solutions is a Houston-based design engineering firm with over 600 employees as of 2024.

Together, the two organisations are well-positioned to deliver integrated, client-focused solutions addressing critical global challenges, such as clean energy transition, decarbonisation, and resilient infrastructure, the company added in the statement added.

ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tata-consulting-engineers” target=”_blank”>Tata Consulting Engineers (TCE), a design, engineering, and project management consultancy, on Thursday announced the data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/acquisition”>acquisition of 75-year old US-based ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/cdi-engineering-solutions” target=”_blank”>CDI Engineering Solutions (CDI), formerly Comprehensive Designers, Inc. (CDI) to mark entry into the North American market. The financial details of the transaction were not disclosed. “The acquisition of CDI marks a deliberate step towards expanding TCE’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/global-footprint” target=”_blank”>global footprint and scaling its expertise… With its expertise and a client base that includes several Fortune 500 companies, CDI’s capabilities complement TCE’s strengths in engineering design and project management,” TCE said in a statement.

TCE’s global delivery platform will now include CDI’s eight engineering centres in the US.

“This acquisition creates a platform for innovation and sustainable engineering solutions. By combining TCE’s expertise in engineering design and project management with CDI’s technical excellence and established North American presence, we are forming a competitive entity capable of delivering exceptional value to clients. Together, we can address urgent global priorities, from energy transition to ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/sustainable-infrastructure-development” target=”_blank”>sustainable infrastructure development,” said Amit Sharma, managing director & chief executive officer at TCE.

Founded in 1962 as Tata Ebasco, a joint venture between Tata Group and US-based Ebasco Services Inc, to offer ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/engineering-design-solutions” target=”_blank”>engineering design solutions for Tata Power, TCE is now a 100% subsidiary of Tata Sons, one of India’s largest privately-held conglomerate.

In 1968 Tatas took over the share of Tata Ebasco to become Tata Consulting Engineers.

As on fiscal year ending March 2024, India constituted around 60% of TCE’s consolidated revenue of Rs 1,406 crore, employing over 6000 workforce. According to an April report by ICRA ratings agency, TCE derives approximately 35% of its revenue from domestic government clients.“TCE and CDI share a commitment to engineering excellence and sustainability. This partnership offers a unique opportunity to deliver value for clients and growth opportunities for our employees. By leveraging our complementary strengths, we will push the boundaries of engineering innovation,” said Steve Karlovic, president of CDI Engineering Solutions.

Founded in 1950 as Comprehensive Designers, Inc., CDI Engineering Solutions is a Houston-based design engineering firm with over 600 employees as of 2024.

Together, the two organisations are well-positioned to deliver integrated, client-focused solutions addressing critical global challenges, such as clean energy transition, decarbonisation, and resilient infrastructure, the company added in the statement added.