| |
| |
 |
| |
|
| |
|
| |
|
SINGAPORE : QuEST Global Engineering is spending US$50 million over the next five years on a new global headquarters in Singapore.
The India-based engineering services firm plans to base its licensing, finance, as well as some manufacturing and engineering functions here.
QuEST gets most of its revenue from the aerospace and oil & gas sectors, and its clients include companies like GE, EADS and Toshiba.
QuEST believes that there are growth opportunities for the aerospace sector in Asia.
And with the big names expanding in the region, particularly in the maintenance, repair and overhaul (MRO) segment, it said Singapore's status as an MRO hub is ideal.
QuEST is also seeking to go public in the next five years.
Ajit Prabhu, chief executive officer, QuEST Global Engineering, said: "The company is growing very rapidly, and at some point, we will be listing the organisation.
"From a financial markets perspective, Singapore is potentially an area for us to list. There is also flexibility; if we establish the company here, we can list it on the London Stock Exchange or the NASDAQ as well." - CNA/ms
|
