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KUBOTEK Corporation Creates KUBOTEK Europe srl.


CALDOGNO (VI), Italy & MARLBOROUGH, Mass. -- Kubotek Corporation today announced the creation of a new wholly-owned subsidiary company, Kubotek Europe srl, under the direction of executive vice president and chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 Luca Cariglia. The new company will be responsible for KeyCreator software (formerly CADKEY) sales, marketing, distribution and support for Europe, Africa, the Mid East, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. .

"Creating a local company gives us the opportunity to better support our extensive local dealer network and our customers," said Naotake Kakishita, director and chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive , Kubotek Corporation. "We're building a new, supportive community around KeyCreator based on the variety of accumulated ac·cu·mu·late  
v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates

v.tr.
To gather or pile up; amass. See Synonyms at gather.

v.intr.
To mount up; increase.
 engineering expertise in this region. In addition, at a very basic level, the creation of a local company allows us to benefit from the rules governing the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the

European Community
."

The move creates a foundation for future Kubotek growth and expansion, and capitalizes on the success and momentum achieved over the past year by local Kubotek representatives. This momentum includes a marked increase in sales to new customers as well as a rise in revenues from the base of more than 2000 active customers. Kubotek Europe will also continue to expand its dealer network.

About Kubotek Europe srl

Kubotek Europe srl, headquartered in Caldogno (VI) - Italy, is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Kubotek Corporation. Kubotek Europe is responsible for KEYCREATOR software (formerly CADKEY) sales, marketing, distribution and support for Europe, Africa, Mid East, Australia and New Zealand. More than 8000 global customers use Kubotek design and manufacturing software The following list of software modules are the manufacturing components of Baan's ERP (BaanERP) system, acquired by SSA Global in 2003 and subsequently by Infor at the end of 2006. It is listed here because it provides a comprehensive overview of the required software. See MES. . Visit Kubotek Europe at: www.kubotekeurope.com

About Kubotek

Kubotek USA, Inc., headquartered in Marlborough, MA, is a wholly owned subsidiary of Kubotek Corporation. Kubotek USA develops and manufactures KeyCreator software (formerly CADKEY) and is responsible for sales, marketing, distribution and support for the Americas, Europe, Australia and New Zealand. More than 20,000 global customers use Kubotek design and manufacturing software.

Kubotek Corporation was founded in 1985 in Osaka, Japan, and has been publicly traded on the Tokyo Stock Exchange Tokyo Stock Exchange

Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai.
 since 2001. Kubotek Corporation is a worldwide leader in creation engineering - the development of technologies for modeling, measuring and machining in industrial businesses large and small.

Visit Kubotek at: www.kubotekusa.com

Kubotek, KeyCreator, and CADKEY are registered trademarks or trademarks of Kubotek Corporation. All other brand and product names are trademarks or registered trademarks of their respective owners.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 13, 2004
Words:389
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