*Quality Engineering & Software Technologies Ltd* is planning to acquire companies in the range of $10-20mn in low-cost locations for its engineering services vertical.
The company also wants to raise $40-50mn to retire its debts and to ensure it has enough liquidity to fund its targeted growth, for which it has appointed *Merill Lynch.* The company had to pull back its investment plans last year when it had planned to invest $2-3 mn as the market turned unfavourable. Also, this year the company is set to invest about $8 mn on expanding its sales and operations. QuEST Global provides engineeering consultancy services and is also into precision manufacturing for aerospace, automotive and industrial components, power generation, large scale turnkey fabrication, design and manufacturing of test rigs, tooling, fixtures and gages. The $100 mn company has about 1,800 people spread across India, the US, Italy, Spain, UK, Japan and France. The company has now been focussing on contracts that have projects with long lead time. The company also aims to get into automotive sector. In Jan 2009, QuEST Global had acquired a US- based company- *ASE Technologies.* -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
