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Carlyle group invests in QuEST

CHENNAI: The Carlyle Group has announced that it has invested $6 million in Quality Engineering and Software Technologies LLC (QuEST), a leading provider of engineering solutions for advanced technology products in the aerospace, automotive and power generation, oil and gas, and industrial product domains. The funds will be used to grow QuEST's infrastructure and facilities in the U.S. and India as part of its ongoing global expansion plan and support the company's acquisition strategy, according to a release. This venture capital investment came from Carlyle Asia Venture Partners II, a $170 million fund that invests in technology companies in Asia and India, the release adds.

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