MTS Announces the Opening of Its Newest Regional Office in Moscow
EDEN PRAIRIE, Minn., Nov. 25, 2013 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced the opening of a new office in Moscow, Russia. This office will focus on the growing Russian market for the MTS Test business by providing local sales and service support to its business partners in the region.
"The Russian market offers great opportunities for the MTS Test business, ranging from automotive new product design validation to materials and infrastructure testing equipment, and supporting services. Having a direct presence in Russia will enable us to work more closely with our customers, quickly anticipate the changing market dynamics, and better position MTS to support our local business partners," said William Hardy, Vice President of Product Sales and Marketing for MTS Test. "We know there is untapped growth potential that can be realized in these markets with our expanded commitment."
Today, MTS products and service solutions are represented in the Russian and CIS (Commonwealth of Independent States) countries through business partners. The Russian economy is an important component of MTS' growth strategy. MTS is committed to exploring new opportunities – finding new customers and markets that can benefit from the MTS world renowned testing expertise. The non-commercial representative office in Moscow officially opened on November 18, 2013, and will focus on expanded sales and service capability.
"A critical component of our Test business growth strategy is increasing our presence in emerging markets. Today we see our customers, the global OEMs and their suppliers, expanding their businesses in Russia in response to renewed investments and corresponding economic growth potential. MTS Test will be at the forefront of their expansion, providing them with high technology and proven testing innovations," stated Dr. Jeffrey Graves, President and CEO of MTS. "We recognize that there is a need for businesses to maintain global consistency while meeting the regional needs of their customers. We are excited for this opportunity to help shape the Russian testing market, tomorrow and for years to come."
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of high-performance test systems and position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,299 employees at September 28, 2013 and revenue of $569 million for the fiscal year ended September 28, 2013. Additional information on MTS can be found on the worldwide web at http://www.mts.com.
SOURCE MTS Systems Corporation