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Solutions Group Acquires Engineering Company in Bucharest, Romania
Solutions Group (SOLU.PK) announces the acquisition an Engineering Services Company located in Bucharest, Romania. The engineering team is focused on cutting-edge technology for the companies in the commercial electronics industry at a reduced cost.
In making the announcement, Sean O'Neil (Founding member of SGI) described the acquisition as growth-driven, adding a greater range of capabilities to SGI's offerings for its expanding customer base. SGI is experiencing rapid and consistent growth in Western Europe.
O’Neil goes on describe Bucharest, which has a one hour time difference from Germany and Switzerland, as a technology center of Easter Europe that has a large pool of trained engineers, at a reduced cost from Western Europe. “This acquisition furthers our ability to cut costs for companies trying to weather these difficult financial times. Companies in Western Europe are facing the same situations as we are in the US; they need to continue to develop new products for the future, but have to reduce costs in the present. I think this has contributed to the growth we’re seeing in this region”, explains O’Neil
As Bucharest is 10 hours ahead of California, and 8 hours ahead of Austin, the move also gives SGI the ability to work a 24 hour engineering shift. “The time difference makes it very efficient to work together on the same project at different shifts”, says Oneil, allowing SGI to cut turn-around times for design cycles, as well as costs. Going on, O’Neil says “the one-two punch of cost and time-to market, makes SGI very competitive going forward”.
About Solutions Group Corp:
SGI is an international engineering firm that provides cost-reduction for Fortune 500 Companies through Bulk-Outsourcing Solutions and Product Development Engineering. SGI provides extreme priority product development, quick-turn prototyping and low volume production. SGI provides customers with product engineering expertise across all disciplines, including: electrical engineering, performance simulation, component packaging, PCB design, performance and reliability analysis, mechanical design, product packaging, software development, prototype PCB fabrication, product assembly and testing. Solutions Group uses a combination of design centers local to all major technology centers across the United States and Europe with lower cost - high quality off-shore locations to achieve ultimate quality with excellent pricing models for all product development. For more information, visit www.solutionsgroupcorp.com, or contact the company at (U.S. Headquarters)
Senior VP, Business Development
Tel. + 512-879-9345,
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Solutions Group Corp (SOLU.PK) is an international engineering firm that provides cost-reduction for Fortune 500 Companies through Bulk-Outsourcing Solutions and Product Development Engineering.