Geometric, a leader in Product Lifecycle Management (PLM), today announced that it has entered into a multi-year engineering services engagement with Aerolia, one of the largest tier 1 aerospace suppliers. Under the agreement, Geometric has set up a dedicated center for mechanical systems installations in Bengaluru, India.

Aerolia, a part of the AIRBUS group, selected Geometric for its expertise in setting up offshore engineering centers and to leverage Geometric's engineering capabilities along with its IP and software development strengths for intelligent engineering. Geometric’s deep understanding of the product development cycle and technology will help Aerolia’s global operations to enhance their competitive
advantage.

Announcing the engagement, Raphaël Duflos, chief procurement officer, ''Aerolia is pleased to sign this important contract with Geometric. Today is a key step in a strategic path that should enhance intimacy between Aerolia and the Indian Supply Chain, leading to competitive partnerships. Aerolia will continue to enlarge its Indian Supply Chain content to serve its total cost of acquisition targets and deliver local value for its end customer.''

Manu Parpia, MD & CEO added, ''We are very pleased with this association with Aerolia, a major aerospace tier 1 supplier. We have begun a journey together and it is Geometric's endeavor to provide value to Aerolia through not only cost savings, but also innovative use of its technologies, thus enabling Aerolia better serve their customers. The Aerospace vertical is a key driver of growth for Geometric.''

Shares of the company gained Rs 3.5, or 3.1%, to trade at Rs 116.40. The total volume of shares traded was 112,111 at the BSE (12.37 p.m., Thursday).