Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company, today announced it signed definitive agreements to acquire 100% Membership interests of USA-based Azure native digital product engineering company, Aureus Tech Systems LLC (“Aureus“).
Aureus is a niche Azure native digital product engineering company focused on digital transformation using Data, AI and Application Modernization. The 150-person company headquartered in Denver, Colorado, with a development center in Hyderabad, partners with Fortune 500 companies, including global Insurance and Reinsurance providers and Healthcare & Life Sciences enterprises, in their cloud transformation journeys. As a Microsoft-Certified Gold & Co-sell Partner for Digital & App Innovation (Azure), Aureus delivers bespoke Cloud and AI-based transformation solutions, underpinned by a blend of domain expertise and industry acumen.
Through this acquisition, Happiest Minds strengthens its domain capabilities in Insurance & Re-insurance, Healthcare and Life Sciences verticals and strong Product & Digital Engineering Services (PDES) Business.
Joseph Anantharaju, Executive Vice Chairman, Happiest Minds, said, “I am delighted to welcome Aureus’ Team to the fast-growing Happiest Minds family. Aureus strengthens our BFSI and Healthcare Industry Groups, enhances our value proposition in these verticals and contributes to our new customer-acquisition initiatives. We are excited at the potential to cross-sell and up-sell Infrastructure, Security, Automation, Analytics and GenAI offerings to Aureus’ customers to accelerate Happiest Minds’ growth.”
Venkatraman Narayanan, Managing Director & CFO, Happiest Minds, said, “We are in a very exciting phase and are looking forward to a great showing in FY25; which will be a mix of strong organic growth, including consolidation play, with existing marquee customers like Macmillan Learning and inorganic growth through the acquisition of PureSoftware and now, Aureus. Aureus gets us a strong brand recall in the insurance/reinsurance space with access to a market leader with a compelling value proposition and a strategic presence in the customer’s long-term imperatives.”
Abhishek Pakhira, CEO of Aureus Business, said, “There is a significant shift in how insurance and healthcare providers are looking at their business; we are seeing a secular trend of developing and executing on a digital transformation roadmap that helps them transform into tech-enabled services companies. Now more than ever, technology services providers need to combine the understanding of market problems with technology intensity to deliver business outcomes. We strongly believe that the deep digital native capabilities of Happiest Minds and its scale will help us solve bigger problems for this industry group. Everyone in the Aureus family is excited about the journey.”
EY acted as the exclusive financial advisor to the sellers of Aureus Tech Systems, LLC.
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Aetina, a leading Edge AI solution provider, continues to deepen its presence in the edge AI market, announcing today the launch of the newest member of the MegaEdge PCIe series – AIP-KQ67. This product features Intel’s 12th/13th generation Core i9/i7/i5 processors, NVIDIA NCS certification, and is equipped with NVIDIA A2 Tensor Core GPU, along with support for high-performance NVIDIA RTX series GPU cards and high-speed I/O connections, meticulously designed for demanding AI inference applications and computer vision tasks.
As computer vision becomes a crucial field in AI development, global smart applications are rapidly growing, making the integration of artificial intelligence and image recognition applications a focal point for the industry. The embedded AI visual applications are increasingly being applied in urban planning, traffic management, security monitoring, and automated manufacturing, among other areas. However, visual edge AI systems typically require processing large amounts of images and computer vision tasks, consuming significant power. AIP-KQ67 supports flexible expansion of PCIe x16 graphics cards, providing more flexible edge application computing power configuration, supporting the latest NVIDIA RTX high-end GPU series, with a maximum power of up to 300W, delivering powerful multitasking capabilities and excellent computer vision and AI inference performance acceleration.
AIP-KQ67 is equipped with a flexible and diverse I/O port design, including three independent display outputs, 1 set of 1G Ethernet, and 3 sets of 2.5G network interfaces. At the same time, AIP-KQ67 integrates a variety of expansion slots, including 1 PCIe x16 (Gen5), 2 PCIe x4, 1 PCIe x2, 1 M.2 M-Key, and 1 M.2 E-Key, allowing for the expansion of various peripheral devices and add-on cards, such as storage, WiFi, and PoE, according to the actual AI application field requirements. AIP-KQ67 adopts an innovative screwless chassis design with a special dustproof mesh cover, which can effectively prevent dust from entering the chassis, extending the system’s service life and reliability. Additionally, the screwless design simplifies maintenance work, allowing users easy access to internal components for repair or upgrades.
The Aetina MegaEdge series supports three different deployment requirements: MXM, PCIe, and M.2, and provides a diverse range of product configuration options. Currently, the MXM series AIP-SQ67, PCIe series AIP-FR68 and AIP-KQ67, and the new M.2 series AIP-CR68 are all officially in mass production and available for sale, providing customers with the most comprehensive high-quality solutions.
SOURCE Aetina Corporation
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Allied Market Research published a report, titled, “Ground Support Equipment Market by Type (Powered ground support equipment (GSE), Non-powered ground support equipment (GSE)), by Application (Aircraft Handling, Passenger Handling, Cargo Handling), by Power Source (Electric, Non-electric, Hybrid): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the ground support equipment market was valued at $8.0 billion in 2022, and is estimated to reach $14.2 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032.
Prime determinants of growth
Growth of the global ground support equipment market is driven by factors such as increase in air traffic and cargo, modernization and expansion of airports, rise in focus of airports on enhancing operational efficiency, and high service standards. However, high initial investment hamper the market growth. On the contrary, increase in focus towards procurement of greener GSE and surge in demand for customized and specialized ground support equipment are expected to offer remunerative opportunities for the expansion of the ground support equipment market during the forecast period.
Request Sample of the Report on Ground Support Equipment Market Forecast 2032
https://www.alliedmarketresearch.com/request-sample/2174
(We are providing connected ship Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)

136 – Tables
45 – Charts
210 – Pages

Report coverage & details:

Report Coverage 

Details 

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$8.0 billion

Market Size in 2032

$14.2 billion

CAGR

6.2 %

No. of Pages in Report

210

Segments Covered

Type, Application, Power Source, and Region.

Drivers 

Increase in air traffic and cargo

Modernization and expansion of airports

Rise in focus of airports on enhancing operational efficiency, and high service standards

Opportunities

Increase in focus towards procurement of greener GSE Surge in demand for customized and specialized ground support equipment

Restraints

High initial investment

Procure Complete Report (210 Pages PDF with Insights, Charts, Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/ground-support-equipment-market
Impact of Russia-Ukraine War Scenario

The invasion of Ukraine by Russia on February 24, 2022, triggering the Russo-Ukrainian war that began in 2014, is expected to have potential negative implication for the ground support equipment market. The Russia–Ukraine war is expected to disrupt the global supply chain for components and equipment crucial in ground support equipment (GSE) manufacturing. Russia and Ukraine, pivotal manufacturing centers for various industries such as aerospace and automotive sectors, provide essential components for GSE production. Disruptions in manufacturing facilities, transportation networks, and logistics routes in these countries may result in delays in GSE equipment production and delivery.
In addition, instability in the region may cause fluctuations in raw material and commodity prices used in GSE manufacturing. Heightened geopolitical tensions can induce market uncertainties, leading to increased material costs and impacting the production expenses of GSE manufacturers. Thus, resulting in elevated prices for GSE equipment, affecting both profitability and affordability for buyers.

The powered ground support equipment segment to maintain its leadership status during the forecast period.
By type, the powered ground support equipment segment held the highest market share in 2022, accounting for more than three-fifth of the global ground support equipment market revenue, and is estimated to maintain its leadership status during the forecast period, as there is demand for powered GSE to handle the higher workload efficiently with the increase in volume of air traffic and cargo. Moreover, the powered ground support equipment segment is projected to attain the highest CAGR of 6.5% from 2023 to 2032, owing to development of more efficient and environmentally friendly powered GSE with the advancement in technology.
The aircraft handling segment to maintain its leadership status throughout the forecast period.
By application, the aircraft handling segment held the highest market share in 2022, accounting for more than two-fifth of the global ground support equipment market revenue and is estimated to maintain its leadership status during the forecast period as efficient aircraft handling services demand increases at airports to manage the higher volume of arrivals, departure due to rise in air travel. However, the cargo handling segment is projected to attain the highest CAGR of 7.4% from 2023 to 2032, owing to the exponential growth of e-commerce.
The non-electric segment to maintain its lead position during the forecast period
By power source, the non-electric segment accounted for the largest share in 2022, accounting for nearly three-fourth of the global ground support equipment market revenue and is estimated to maintain its lead status during the forecast period as the non electric ground support equipment provides benefits such as lower upfront costs, high longer operating ranges. However, the electric segment is projected to attain the highest CAGR of 8.9% from 2023 to 2032, owing to increase in focus to decrease carbon footprint and comply with environmental regulations.
North America to maintain its dominance by 2032
Region-wise, North America held the highest market share in terms of revenue in 2022, accounting more than two-fifth of the ground support equipment market revenue and is likely to dominate the market during the forecast period, owing to consistent demand for GSE in North America to support airport operations, including aircraft handling, cargo handling, and passenger services. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.9% from 2023 to 2032, owing to expansion of air travel, cargo transportation, and infrastructure development.
Talk To Our Industry Expert: https://www.alliedmarketresearch.com/connect-to-analyst/2174
Leading Market Players:

AERO SPECIALTIES, INC.
Cavotec SA
Textron GSE
Flightline Support Ltd.
GATE GSE
Imai Aero-Equipment Mfg. Co., Ltd.
JBT Corporation
Mallaghan
TLD
Guangtai

The report provides a detailed analysis of these key players of the global ground support equipment market. These players have adopted various strategies such as partnerships, acquisition, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
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