We are expecting a slowdown in ER&D spending in 2020. Learn more here.
Belcan strengthened its software engineering capabilities with the acquisition of Base2 Solutions, a firm headquartered in Bellevue, WA and with an office in California. Base2 has a similar client base to Belcan, with major clients including Boeing, Thales, and L3Harris in aerospace and defense.
We missed an important acquisition that QuEST Global announced at the end of June. QuEST has acquired Dakota Moon Enterprises (DME).
We are now entering the season for Q1 earnings, and as always we will look into changes in major trends. The state of the automotive industry will be an area we will be closely monitoring.
Belcan made its second acquisition in the UK, since it was taken over by PE AE Industrial Partners. The acquired firm is Sitec, through its two units Sitec Design and Sitec Recruitment.
QuEST Global Services indicated in an interview with the Indian newspaper, Business Standard, that it is contemplating a significant acquisition. Business Standard mentioned the USD 200m number, but it was not very clear whether this number indicated the price
AE Industrial Partners, the PE firm that owns both Belcan and CDI Corp, has raised $1.36bn for its new fund, AE Industrial Partners Fund II. Fund II will be dedicated to controlling investments in: Technical manufacturing Distribution and supply
Akka Technologies intends to acquire Irving, TX-based PDS Tech, in line with its Clear 2022 ambition plan to develop into the US market. PDS Tech had 2017 revenues of USD 260m, an operating margin reported by a financial analyst
Akka presented its CLEAR 2022 strategic plan that runs over the 2018-2022 period. CLEAR 2022 is growth plan in what Akka described as “a booming market”. And indeed, Akka has bold financial ambitions with plans to reach: Revenues: EUR
Tata Motors has announced that PE Warburg Pincus has cancelled its plans to acquires a 43% stake in Tata Technologies (TTL), for USD 360m. The official reasons for the cancellation are Tata Technologies missing its internal financial performance objectives,
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
The acquisition of CDI Corp by private equity (PE) AE Industrial Partners (AEI) brought back some light on Belcan. AE Industrial Partners is indeed also the owner of Belcan Engineering, since Q3 2015. Belcan is major ER&D staffing and
AE Industrial Partners (AEI) has announced the acquisition of CDI Corp, a US. listed IT and ER&D services staffing firm. AEI is valuing CDI Corp ~USD 158m, or $8.25 per share, representing a 36% premium. AEI expects to close