Product engineering and manufacturing company VVDN has announced its plan to expand its presence in Europe under its new leadership. The company which has a strong footprint in the US, Canada and APAC region is targeting Europe expansion with a focus on achieving revenue of $500 million in the next three years from the region.
According to an official statement, VVDN intend to help several original equipment manufacturer and brands in Europe to address their technology gap in the space of 5G telecom, data centre, networking & Wi-Fi, vision, automotive, EV and Cloud space.
“We see tremendous opportunities in assisting customers in the networking and wireless space with solutions like Access Points, ONTs, Network Switches etc.,” said Amit Saharan, VP-Business Development Wireless, Vision and IOT, Europe.
“Further our experience, expertise and solution accelerators in vision cameras, automotive and Cloud space will help our European customers in their next generation product design, development and manufacturing," said Saharan.
VVDN’s Europe expansion announcement is part of VVDN’s growth strategy and will be led by multidisciplinary teams. With Europe being a strong growth area for VVDN, company will continue to invest in further strengthening its Europe presence by creating local engineering teams, business teams, and being closer to customers, the company said in a statement.
“We see Europe 5G market as a huge growth potential. With VVDN’s strong foot hold in the 5G design, testing services offerings on oRAN RU and DU along with our Fronthaul, L1 Low PhY and High PHY IP’s, we can help guide OEMs, telcos, test and measurement companies through the complexity of 5G product design, development and manufacturing,” said Nitin Jain, VP-Business Development 5G & Datacenter, Europe.
“In addition, VVDN’s 5G Telco Cloud, MEC services makes VVDN a true 5G partner for its customers,” Jain added.
VVDN said that it is going to accelerate growth, focusing on its key areas and capabilities in the domains where it already holds a good position and has good potential. It will continue to pursue large deals in the focus domains in Europe.
Earlier this month, the Centre for Development of Telematics (C-DOT), WiSig Networks Private Limited and VVDN Technologies Private Limited have signed an agreement for collaboration in the area of Open RAN based Radio Network for 5G solution.
This collaboration focusses on leveraging the technical competencies and complementary strengths of Indian R&D and industry in evolving a mutually productive alliance leading to indigenous design, development, manufacturing and deployment of cost-effective 5G products and solutions.