Elgi Equipments has opened an office in Belgium, which will be the firm’s European headquarters. Spread over 400 sq. m, the office at Brussels has training facilities and will foster innovation and collaboration, the company said in a statement.
“Europe is the third-largest market worldwide and presents us with a huge opportunity,” said Jairam Varadaraj, MD, Elgi. The focus of Elgi Europe will be on building sales and service teams, added Chris Ringlstetter, president, Elgi Europe. Elgi has so far focussed on Italy and to some extent, France. The plan is to expand across Europe.
“Our major investment, if any, would be in the form of acquisition of distributors in Europe,” Mr. Varadaraj said.
