CAE expands in Europe with new facilities in Hungary, Belarus
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CAE, the industry's first interactive physical commodity trader for semiconductor capital equipment, announced an expanded European presence with new facilities in Belarus and Hungary and over 50 new team members.
CAE has developed a hub in Budapest, Hungary, which houses a growing trading team, data and decision science experts, logistics and transportation resources, and world-class managers. CAE's Hungarian team is the first step toward providing enhanced services and support to the European Union's growing semiconductor community, the press release notes.
In addition, CAE has also opened a new facility in Belarus. The facility is focused on the development of CAE's in-house, proprietary software — the first transaction-validated software platform designed to match buyers and sellers. CAE's software provides hundreds of unique insights, standardizes data architectures, automates marketing, supports valuation and asset due diligence, and utilizes artificial intelligence throughout its workflows.
"CAE has developed major growth opportunities throughout Europe to provide extensive support to our global client base," said Ryan Jacob, chief executive officer for CAE. "Europe has been a technology leader for decades, but in some ways, it is approaching a new renaissance. CAE is rapidly building its presence across the continent to serve local clients and position itself for the growth we anticipate across Europe in the next five years. Unlike other companies, we are building a business in Europe, because we believe in the future of Europe and its talent set."
"We are developing core, front-end infrastructure in Europe and continue to invest in our trading, data, logistics and research teams. Europe is responsible for many unique innovations and advanced technological development. It will continue to thrive as it builds on its unique technology clusters. In addition, Europe has many of the world's marquee companies that we believe will continue to grow long-term. CAE will continue to roll out a two-phased approach to bringing additional on-the-ground support throughout Europe," he added.
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