Product category:
Simulation, modelling and validation software
News Release from: LMS International
Edited by the Engineeringtalk Editorial
Team on 14 November 2005
LMS expands operations in Europe and
Asia
LMS has established an engineering and software development centre in Romania, and has opened a commercial subsidiary in Singapore and additional offices for its sales activities in China.
LMS has established an engineering and software development centre in Romania, and has opened a commercial subsidiary in Singapore and additional offices for its sales activities in China The opening of the new offices complements a considerable expansion of LMS' headquarters office and development centre in Leuven, Belgium, and the recent opening of new offices in Munich, Lyon and Moscow
The extensions are part of the continued international expansion strategy of LMS and will further strengthen the company's capabilities to deliver top-class engineering software and services.
Over the next two to three years, LMS expects to expand its total number of employees to over 800.
To support the expansion of its software and systems development activities in the area of virtual prototype simulation and physical testing, LMS initiated a considerable extension of its headquarters facilities in Leuven, Belgium.
The new office provides an additional 3300m2 and will allow LMS to expand its Leuven-based staff from 350 to 400 employees over the next two to three years.
Next to the extension of the headquarter facilities, LMS recently created a new engineering and software development centre in Brazov, Romania.
By the end of 2007, LMS plans to recruit a team of over 50 engineers in its Eastern European competence centre.
"We created the new subsidiary in Romania to take optimal advantage of the extensive availability of top-quality engineers in Eastern Europe at very affordable conditions", commented Urbain Vandeurzen, Chairman and CEO of LMS.
"With a current yearly R and D budget of eur25 million, LMS is strongly committed to developing innovative technologies".
"The new team will further support the steady growth of our R and D capacity in our five other development locations in Europe and the USA".
"It will play a key role in accelerating our software development activities and in expanding our engineering services capabilities".
Building on the company's already impressive growth in South-East Asia, LMS decided to extend its current network of fully owned operations and representative offices in Asia with a new subsidiary in Singapore.
The new Singapore office will become a regional hub to support LMS' indirect sales channels in the South-East Asia region.
In China, in addition to its Beijing office, LMS is also adding two new offices in Shangai and Guanzhou.
The new offices are intended to increase the regional coverage of LMS in the booming Chinese market for engineering software and services.
Overall, the growth in the Asian market, and the strong presence of LMS in Europe and the USA, deliver a well-balanced revenue spread for the company: 42% in Europe, 36% in Asia and 22% in North America.
With the addition of new sales offices, LMS now operates from 18 direct sales offices and 25 representative offices worldwide.
"Over the past decade, LMS has been steadily investing in Asia and building successful subsidiaries in Japan, Korea, India and China", commented Vandeurzen.
"These new investments in additional sales and support offices will undoubtedly make Asia the strongest growth and revenue contributor for LMS in the next years to come". Request free introductory details about products from LMS International ...
• LMS International: contact details and other news
• Email this article to a colleague
• Register for the free Engineeringtalk email newsletter
• Engineeringtalk Home Page
Search the Pro-Talk network of sites
