The Swedish IT firm Addnode Group - owner of both the world's leading PLM consultant within Dassault Systeme's VAR sphere, TECHNIA, and the CAD, PLM and BIM consultant and leading Autodesk partner Symetri - under the ownership umbrella, announces today that it is opening a new Thane office in India. It is the subsidiary Addnode India that is responsible for the operation, which consists of providing capacity and business services to the companies within the Addnode Group.
Addnode India has been operating for 12 years so far has continuously grown, which was also reflected at the inauguration of the new one in Thane last week.
"It was a great day, and I'm incredibly proud of the Addnode India team," commented TECHNIA CEO Magnus Falkman on the opening of this new resource, which he describes as another milestone in the Addnode Group's development journey.
Addnode India's CEO, Saurabh Gupta, added that the new office and the company's staff have developed exceptionally well with its key position in the global group collaboration; a collaboration that therefore involves providing software development and implementation services.
"We are adapting to the ever-evolving work environment to empower our employees and foster a workplace that thrives on a global collaboration and adaptability. This approach brings numerous benefits aligned with our core values. As we step into this new chapter, we are deeply grateful for the trust, collaboration, and unwavering support from our customers, employees, and partners. " said Gupta.
In total, Addnode Group today has approx. 2,700 employees and consists of around 20 subsidiaries with a geographical presence in 19 countries on four continents. Net sales in 2023 amounted to around $680 million. Group president and CEO is Johan Andersson, who has successfully run the group since taking the helmet in 2017. During his time at the top executive post, the group has continued to expand primarily via company acquisitions, but also organically; a growth highly appreciated by the company's shareholders. When he took over as CEO in 2017, the share price was just under 2 dollars, at the close of the stock exchange December 6 it was roughly five times as high, approx. 10 dollars. As the group's revenue and surplus mainly come from the PLM industry sister compnies, TECHNIA and Symetri, it is further proof that the area has a future with potential ahead of it.
In the most recent full year report, 2023, Johan Andersson describes the company’s outlook for 2024 as follows:
”A clear strategy, the strength of our companies, our investments in competence and products, our implemented efficiencies, our sound financial position and our acquisition capacity provide a solid foundation for continuing our growth journey and delivering higher profits and value to our shareholders.”
The new office in Thane is another step on this journey.
