|Harsha de Silva, Chairman of Navara Capital Group lights |
the traditional oil lamp at the R&M launch
Leading Swiss cabling solutions provider enters Sri Lankan market with Pioneering infrastructure Engineering Company
Engineering Group (SEG) announced its partnership with leading Swiss cabling
solutions company, Reichle De Massari (R&M), at a glittering ceremony at
The Kingsbury recently where the R&M product range was officially launched in
a company which celebrated its 50th anniversary this year,
commemorated its inauguration which commenced with the introduction of a
revolutionary telephone outlet in 1964. Since then the Swiss based company has remained
true to its innovative roots constantly delivering new solutions to the
boasts a presence in over 30 countries delivering passive networking solutions
to data centers, banks, hospitals, hotels, factories and even entire cities
which are networked with products from R&M.
Its portfolio of clients includes Porsche, Toyota, Nissan, IBM, Airtel,
Nestle, SAP, Hyatt, Novotel, Standard Chartered Bank, Facebook, Hitachi, Tata
and Accenture amongst many others.
|R&M Managing Director Gaurav Ahluwalia lights the |
oil lamp at the R&M launch in Sri Lanka
on the occasion of the launch of R&M products, the Managing Director – Mr.
Gaurav Ahluwalia said: “We have a strong belief that our products and solutions
would be a great asset to the information / communication and
telecommunications industry in Sri Lanka, and we look forward to a strong and
growing partnership with our local counterpart, Serendib Engineering Group”.
Engineering Group has a track record of over 23 years in providing engineering
services and solutions to the infrastructure sector in Sri Lanka. Not only are they a leading provider of
telecommunications infrastructure solutions but also have a strong presence in
rail traction engineering, marine engineering and plantation engineering. The Company’s ambitious and dynamic
diversification program has also seen them in recent times venturing into civil
and allied infrastructure, high tension power distribution and engineering
design and consultancy.
|Clive de Silva, Group Chief Executive, Serendib Engineering Group |
addresses a gathering at The Kingsbury on occasion of the R&M launch.
on the partnership, Mr. Harsha de Silva, Chairman of Navara Capital Group of
which SEG is a constituent partner, said “Our collaboration with R&M will
give the Sri Lankan market access to high quality cabling solutions at
competitive prices. This facilitates greater efficiencies and reliability that
cascade down to the end user. The
partnership is yet another step in line with our diversification strategy on
our path to establishing ourselves as a leading engineering organization with a
|Clive de Silva, Group Chief Executive of SEG and Gaurav Ahluwalia,|
Managing Director of R&M discuss the R&M product range with guests.
of professionals from diverse disciplines with complementary skills, a depth of
expertise and a commitment to excellence allows SEG to take on complex, strategic
projects and deliver exceptional solutions. With its expertise in
communications engineering, combined with specialized skills in engineering
design, SEG proves the ideal partner for R&M in Sri Lanka. The combination of experience, market
presence and superior product promises to see this partnership deliver cutting
edge solutions to the Sri Lankan market.
known as Infrastructure Developers PLC, SEG was established following an
acquisition of controlling interest by Navara Capital Group Ltd. in October
2011. A subsequent financial and
operational restructuring included a capital infusion via a rights issue and
the acquisition of Serendib Engineering Agencies Pvt. Ltd. The company has since
seen tremendous growth with impressive strides towards its goal of becoming a
multidisciplinary engineering organization.
the Group’s core competencies is business restructuring. Subsidiaries of the Navara
Capital Group such as Navara Securities, Navara Forex & Money Brokers Ltd.,
and Navara Capital Partners provide services as an independent investment bank,
in addition to capital market advisory services, and management of debt and
equity listings in the Colombo Stock Exchange, including stockbroking. The Group’s diversified portfolio also taps
into the food and beverages sector, in the form of Alerics ice-cream, as well
as hospitality services.