Kaman – Investing in India
The Kaman Corporation employs over 5000 people, in over 250 locations around the world. In July 2008, the corporation acquired Brookhouse Holdings, a British manufacturer of carbon and glass fibre parts for the aerospace and defence industries.
Before its acquisition by Kaman, Brookhouse had commissioned an Overseas Market Introduction Service (OMIS) from UK Trade & Investment (UKTI), to help identify a suitable Joint Venture partner who could help to get it established in India. The company shortlisted five of the names provided by UKTI and, with the help of UKTI’s teams in Mumbai and Bangalore, flew out to meet them, in November 2010.
One of the companies identified in the OMIS, Kineco, fit the bill, and the two signed an operating agreement in September 2012. The Joint Venture already has multi-million dollar contracts in place and continues to bid on projects in the global commercial and defence aerospace market.
“All the local businesses that UKTI identified for us were in the right range in terms of their size and quality,” says Richard Thorley, Director of Strategy & Development at Kaman UK. “UKTI’s knowledge of the local market was invaluable, making my trip as productive as possible.”