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Transaction scales Quest Global's global operations and bolsters its semi-conductor capabilities
BENGALURU, India, Nov. 3, 2022 /PRNewswire/ — Quest Global, one of the world's fastest growing engineering services firms, today announced the acquisition of Adept, a product design house with robust capabilities in the semi-conductor, automotive, and hi-tech verticals. This transaction accelerates Quest Global's growth by scaling its operations and advancing its capabilities to provide innovative and digital solutions to its customers around the globe.
With locations in Bengaluru, Hyderabad and Vizag and clients across India, China and the United States, the acquisition of Adept expands Quest Global's footprint in India and strengthens its global presence. In particular, the company brings strong capabilities that will enable Quest Global to add significant capacity to its semi-conductor offerings. This allows Quest Global to provide its customers with deeper digital engineering expertise, greater choice and expanded services from additional semi-conductor capabilities, enhanced embedded services and new capabilities in prototyping, ADAS, Vehicle Connectivity, Integrated Cockpit, and AUTOSAR toolkits – all of which will put Quest Global in an even better position to deliver superior end-to-end global product engineering services to its customers around the world.
“At Quest Global, we strive to be the most trusted partner for the world's hardest engineering problems – and today's news moves us one step further on that journey,” said Ajit Prabhu, Chairman & CEO, Quest Global. “We are pleased to welcome Adept to the Quest Global family. Spending quality time with founders, Gopal Koreme and Madan Lolugu, we recognized how great the cultural fit was right out of the gate, and that alignment became the foundation of this agreement. Together, we will accelerate digital engineering capabilities to service the fast-growing semiconductor industry.”
“This is an exciting moment for Adept. As part of the Quest Global family, we now have a tremendous opportunity to leverage our unique capabilities to help solve the world's hardest engineering problems for customers and communities around the world,” said Gopal Koreme, Co-Founder & CEO, Adept. “We have a shared vision for growth for our customers and for our people that will enable us to build on the success of our organizations to become the most trusted partner in the semiconductor industry.”
“We are thrilled to join the Quest Global family and become part of the best growth story in engineering services,” said Madan Lolugu, Co-Founder & Director, Adept. “With their support and resources, Adept looks forward to doubling down on our efforts to provide world class chip design and embedded services.”
