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Monday, October 21, 2024

ESI Group Strengthens Commitment to China Following Termination of AECC-ESI (Beijing) Partnership

ESI Group has officially terminated its partnership with AECC Beijing Institute of Aeronautical Materials and BJESITC (Limited Partnership), completing the sale of all its equity interest in AECC-ESI (Beijing) Technology Co., Ltd. as of July 31, 2024.

Although ESI Group no longer holds shares or participates in AECC-ESI (Beijing) Technology Co., Ltd., the company reaffirms its strong commitment to the Chinese market. 

ESI Group will continue to operate and expand its wholly-owned subsidiary, ESI Group Beijing Co., Ltd., emphasizing its dedication to delivering cutting-edge solutions in China. This decision aligns with the company’s global strategy to focus on core markets and streamline its portfolio.

As a subsidiary of Keysight Technologies, ESI Group specializes in reliable, customized solutions using predictive physics modeling and virtual prototyping.

ESI Group emphasizes that all intellectual property, including patents, trademarks, copyrights, and trade secrets, remains fully owned by the company, ensuring its continued global control over its technological innovations.

To view the original press release, please click here.

Search for ESI Group on CIMdata.com

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