Ace Software Export Ltd. announced a significant step toward expanding its global presence by signing a Letter of Intent (LOI) with a renowned international entity based in the United Kingdom. The partnership aims to establish a joint venture to deliver innovative IT and engineering solutions across Europe.
The collaboration will leverage advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), data services, and cloud solutions. A key priority is to enhance offerings in engineering production planning and control, including promoting Ace Software’s flagship product, SmartPPS, developed by its subsidiary, AQE Techtools Pvt. Ltd.
The joint venture will strengthen Ace Software’s foothold in Europe, enabling marketing of its services across the region. This partnership is designed to support the company’s subsidiaries in scaling their European operations while enhancing client-centric solutions for industries.
The UK partner, with over 25 years of expertise in industrial equipment supply and engineering services, brings robust connections and technical know-how. The collaboration ensures competitive pricing, reliable solutions, and sustainable practices tailored for the European market.
The LOI outlines the mutual responsibilities of both parties and paves the way for further due diligence and finalization of a definitive joint venture agreement. Ace Software confirmed that additional details will be shared as material developments occur, adhering to the SEBI (LODR) Regulations, 2015.
This joint venture is expected to drive innovation and open new avenues for Ace Software in the global IT and engineering sectors.
