BRUSSELS, Belgium, and CHENNAI, India, September 2, 2015 – WABCO (NYSE: WBC), a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles, today announced the opening of a new 65,000 square foot facility in Chennai, India that will enable WABCO to significantly expand its software engineering and shared services capabilities.
WABCO plans to further leverage its world-class talent in India and expand its software engineering capabilities to support the local design of new products and systems for emerging markets as well as to contribute to the global development of advanced technologies for commercial vehicles. Since 2010, WABCO has more than doubled its software engineering talent pool in India to nearly 250 and anticipates enlarging its team by an additional 150 engineers over the next five years.
The new facility will also accommodate WABCO’s business services team of approximately 110 professionals. The team is dedicated to continuously improving the cost effectiveness and efficiency of the company’s business operations worldwide. WABCO’s business services team will deliver to the company advanced information technology solutions and continuous business process optimization based on leading international standards.
“Today’s strategic expansion of WABCO’s software engineering and shared services capabilities in India marks yet another milestone for WABCO,” said Mr. Jacques Esculier, WABCO Chairman and Chief Executive Officer. “We will further leverage WABCO India’s superb talent pool and cost efficiency to support and differentiate the development of advanced technologies to help improve the safety and efficiency of commercial vehicles around the globe. WABCO India is also taking a primary role in our efforts to drive efficiency and business process improvements across the company to continuously lower cost.”
“We are very proud and fully committed to further expand our role and contribution to the global success of WABCO,” said Mr. P. Kaniappan, Vice President, WABCO India.
WABCO (NYSE: WBC) is a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough products and systems for braking, stability, suspension, transmission automation, and aerodynamics. Today, all of the world’s leading truck, bus and trailer manufacturers have WABCO technologies onboard. In addition, WABCO provides the industry with advanced fleet management solutions and aftermarket services. WABCO reported sales of $2.9 billion in 2014. The company is headquartered in Brussels, Belgium, and has 11,000 employees worldwide. For more information, visit www.wabco-auto.com.
About WABCO INDIA
WABCO INDIA designs, manufactures and markets conventional braking products, advanced braking systems, and other related air assisted products and systems. The company has achieved a major market share in the Indian OEM market as well as in the domestic aftermarket, which serves through a strong and wide national distribution network. With five world class manufacturing facilities, software design center, application engineering center and a test track in India, WABCO INDIA excels in engineering and manufacturing. WABCO INDIA employs over 3,200 employees and reported Rs.1368 Crores in sales in 2014-15. For more information, visit www.wabco-auto.com/en/wabcoindia/home.
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