New Delhi, India (September 21, 2010) -- Satellier, a world leader in providing CAD and Building Information Modeling (BIM) outsourced services to the architecture, engineering and construction industry, announces a strategic minority investment from India-based top engineering firm Potential + Semac, ushering in the next evolution of the global architecture support industry.
“We’re recognizing a paradigm shift in the building industry worldwide, as public and private infrastructure investment is returning, stimulating latent demand for projects executed in BIM at more competitive rates,” says Satellier Founder and Executive Chairman Michael Jansen. “By coupling Satellier’s core BIM expertise with Potential + Semac’s cross-discipline engineering expertise, we will meet this demand and provide comprehensive higher value-added services worldwide. Now we can do it all, and we can do it everywhere. ”
The strategic partnership will enable Satellier to provide its clientele, which includes 20 of the top 40 architecture, engineering, and construction firms in the world, with a wider menu of services. Building on its historical core focus of technology-enabled architecture design and production support in the United States, Europe, and Australia, Satellier will now be able to provide this new expertise in integrated Architecture/SMEPF services across all major markets.
“We welcome the addition of Potential + Semac to the Satellier global family and look forward to collaborating with their team in India and the Middle East to provide “best in class” end-to-end services worldwide,” says Satellier CEO Darren Rizza (former CIO at Skidmore, Owings, and Merrill LLP). “We are poised and ready to partner with all segments of the global AECO community, increasing our depth of involvement in India-based projects and collaborating with our design firm clients worldwide to execute their projects according to the world class standards they have come to expect from Satellier.”
A 700-person full-service professional Structural, Mechanical, Electrical, Plumbing, Fire Fighting, Energy Audit (SMEPF) engineering firm with offices throughout India and the Middle East, Potential + Semac has executed projects in excess of five billion square feet for major hoteliers, developers, multinational corporations, and healthcare institutions in the South Asian region.
“As global players in the AEC industry, we are pleased to be partnering with Satellier to respond to the growing need for expertise in this area,” says Potential + Semac Executive Chairman Abhishek Dalmia. “Our combined strengths will allow us to offer fully-integrated architecture and engineering support solutions, providing clients with the services and knowledge required to ensure successful projects at increasingly competitive price points.”
About Satellier
Backed by Sequoia Capital, Satellier is the world's leading CAD and BIM production and solutions provider to AECO firms, real estate companies, and building owners. Having completed project documentation for over 5,000 projects across more than 50 countries for half of the world’s top AEC firms, Satellier is the “Firm of Choice” in the AECO industry and has been featured on CNN, CNBC, and myriads of business, technology, and AEC publications worldwide. Satellier serves markets all over the globe through its offices in New Delhi, London, Dubai, Sydney, and Chicago.
www.satellier.com
About Potential + Semac
Potential + Semac Consultants is one of the oldest and largest engineering design firms in India, having executed five billion square feet of projects over its 40-year tenure. With 700 employees throughout India and the Middle East, Potential + Semac provides end-to-end engineering design services for industrial and commercial developments, including Structure, MEP, HVAC, IT Networking, and Energy Audit. With a clientele of global industry leaders, Potential + Semac partners with 17 of the top 25 Indian developers, 34 of the top 50 Indian companies, and major Multinational Corporations including GE, IBM, Google, Toyota, JW Marriott, Hilton, Coca Cola, Nestle, and Volkswagen, among others.
www.potentialsemac.com
Related Stories
| Aug 11, 2010
PCA partners with MIT on concrete research center
MIT today announced the creation of the Concrete Sustainability Hub, a research center established at MIT in collaboration with the Portland Cement Association (PCA) and Ready Mixed Concrete (RMC) Research & Education Foundation.
| Aug 11, 2010
Study explains the financial value of green commercial buildings
Green building may be booming, especially in the Northwest, but the claims made for high-performance buildings have been slow to gain traction in the financial community. Appraisers, lenders, investors and brokers have found it difficult to confirm the value of high-performance green features and related savings. A new study of office buildings identifies how high-performance green features and systems can increase the value of commercial buildings.
| Aug 11, 2010
Architecture Billings Index flat in May, according to AIA
After a slight decline in April, the Architecture Billings Index was up a tenth of a point to 42.9 in May. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. Any score above 50 indicates an increase in billings.
| Aug 11, 2010
Architecture Billings Index drops to lowest level since June
Another stall in the recovery for the construction industry as the Architecture Billings Index (ABI) dropped to its lowest level since June. The American Institute of Architects (AIA) reported the August ABI rating was 41.7, down slightly from 43.1 in July. This score indicates a decline in demand for design services (any score above 50 indicates an increase in billings).
| Aug 11, 2010
RTKL names Lance Josal president and CEO
Lance K. Josal FAIA has been named President and CEO of RTKL Associates Inc., the international planning, design and engineering firm. Josal succeeds RTKL’s current President and CEO, David C. Hudson AIA, who is retiring from the firm. The changes will take effect on 1 September 2009.
| Aug 11, 2010
Balfour Beatty agrees to acquire Parsons Brinckerhoff for $626 million
Balfour Beatty, the international engineering, construction, investment and services group, has agreed to acquire Parsons Brinckerhoff for $626 million. Balfour Beatty executives believe the merger will be a major step forward in accomplishing a number of Balfour Beatty’s objectives, including establishing a global professional services business of scale, creating a leading position in U.S. civil infrastructure, particularly in the transportation sector, and enhancing its global reach.
| Aug 11, 2010
Construction unemployment rises to 17.1% as another 64,000 construction workers are laid off in September
The national unemployment rate for the construction industry rose to 17.1 percent as another 64,000 construction workers lost their jobs in September, according to an analysis of new employment data released today. With 80 percent of layoffs occurring in nonresidential construction, Ken Simonson, chief economist for the Associated General Contractors of America, said the decline in nonresidential construction has eclipsed housing’s problems.
| Aug 11, 2010
Billings at U.S. architecture firms exceeds $40 billion annually
In the three-year period leading up to the current recession, gross billings at U.S. architecture firms increased nearly $16 billion from 2005 and totaled $44.3 billion in 2008. This equates to 54 percent growth over the three-year period with annual growth of about 16 percent. These findings are from the American Institute of Architects (AIA) Business of Architecture: AIA Survey Report on Firm Characteristics.
