HCL and Celestica form innovative joint venture
Through this collaborative venture, the two companies are driving change in an increasingly competitive market by offering integrated design, manufacturing and supply chain solutions. Historically outsourcing has often involved multiple suppliers handling various aspects of the product lifecycle. This joint venture will provide a fully integrated product lifecycle solution to OEM customers – including product concept, design, engineering, manufacturing, fulfillment, sustaining engineering, reverse logistics and after-market services. HCL's broad and scalable design engineering capabilities combined with Celestica's existing strengths in hardware design for manufacturability and supply chain integration create an exciting new alternative for OEMs seeking time-to-market and total cost advantages.
This joint venture cements an existing three-year relationship between the two companies, through which HCL and Celestica have successfully provided integrated solutions to customers across the telecom, enterprise, consumer, medical, aerospace and semiconductor sectors. HCL's strength in software development complements Celestica's hardware focus and is already being leveraged in Celestica's existing Solutions Accelerator platforms for server blades, WiMAX, ATCA and storage equipment.
"By recognizing the increasing complexity of the marketplace, including rapidly changing customer demand, and the difficulties of managing multiple partners at different stages of the product lifecycle, a new market is being created through this joint venture. It removes a level of complexity, allowing OEM customers to focus on their core business and strategic initiatives," said Vineet Nayar, President, HCL Technologies.
"Our customers are increasingly being challenged to compress their concept-to-manufacturing schedule," said Dave Tiley, Senior Vice President, Global Services, Celestica. "This exciting joint venture between two world-class companies creates a highly integrated, flexible offering that enables OEMs to focus on IP generation while Celestica and HCL focus on time-to-market and total cost of ownership."
