GAMMA Marine acquired Engineering Research Institute (ERI) to expand their expertise in the field of engineering. ERI has been a major player in the market when it comes to innovation since 2000. “The said acquisition has been completed on October 3, 2019,” GAMMA said in a regulatory filing to BSE.
GAMMA had announced in June that it will acquire ERI, which is a pioneer in innovation. Founded in 2000 and headquartered in Pune, ERI has offices in the Mumbai, and Ahmedabad. It is privately held and had 180 employees as of March 2019.
GAMMA had earlier said that the acquisition would allow them to offer end-to-end solutions in Digital, Marine Engineering and Manufacturing.