NIIT opens new facility in Bergen, Norway

Strengthening its operations in key international markets including Europe and North America, NIIT Limited, a global leader in skills and talent development announced the establishment of a new facility in Bergen, Norway to expand near-shore multi-lingual delivery capability and further invest in the rapid growth of its business in Europe.

NIIT's Norway office was inaugurated recently in Bergen, Norway. With the establishment of this office, NIIT will be able to work more closely with its Scandinavian customers with onsite administrative support and real-time delivery. Speaking on the occasion, Devenderjit Chadha, Senior VP Learning Delivery at NIIT Ltd. said, "Norway is an important location for us since it enables us to co-locate and be in closer proximity to our customers in the Nordic region. As a national center for higher education and finance, Bergen is a city of choice for us. With the establishment of this office in Bergen, we are reaffirming our commitment to not just our customers headquartered in Scandinavian countries but also across Europe."

NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. It now has three established centers in Europe - Dublin, Bergen, and London with a diverse mix of pan-European staff from the UK, Ireland, Norway, the Netherlands, Romania, and Germany. NIIT provides localization and multi-lingual delivery capability in 25 languages including major European languages like French, Spanish, Portuguese, German, Italian, Dutch, Norwegian and Russian. NIIT's European workforce is comprised of experienced and expert instructional design professionals, instructors with specialized and domain-specific skillsets, learning administrators, learning technology professionals, consultants, and strategic sourcing experts.

In Europe, NIIT services over 30 clients, with 13 of them being part of the Fortune Global 500 list. NIIT's new European facilities have been jumpstarted with an order book from these existing clients in the oil and gas, energy, financial services, pharmaceutical, technology, telecom, logistics, and life sciences sectors.

Speaking on NIIT's expanding Europe footprint, Rahul Patwardhan, CEO, NIIT Ltd said, "NIIT understands the criticality of being 'glocal', by leveraging local capability and blending it with offshore capability in the right mix to ensure superior services are delivered to our discerning European clients who demand very high quality and reliability of services, and insist on enhanced cultural and language skills in their global strategic managed training services partner."

Shares of NIIT LTD. was last trading in BSE at Rs.98.25 as compared to the previous close of Rs. 92.8. The total number of shares traded during the day was 708916 in over 6211 trades.

The stock hit an intraday high of Rs. 99.45 and intraday low of 93.55. The net turnover during the day was Rs. 68902026.

Source : Equity Bulls

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