In a November blog, we had mentioned that Akka had issued €175m in convertible bonds. Akka acted fast and announced this morning its most expensive acquisition to date, that of Data Respons, a vendor headquartered in Oslo, Norway, for
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.
Last week, KPIT Technologies, returned to India’s BSE and NSE. The company now has a market cap of approximately USD 410m with its share was introduced at a price of INR 99 and traded in the past few days between INR 103 and INR 115. KPIT has succeeded in its IPO and is now an ER&D service pure-play having sold its IT services business to Birlasoft.
Accenture continues to deploy its M&A strategy and has made its fifth acquisition for Industry X.0. The company acquired Zielpuls, an ER&D vendor servicing the German automotive industry. Zielpuls is an embedded systems specialist.
Accenture had a busy summer, making three tuck-in acquisitions to its recently-created new Industry X.0 unit that is part of Accenture Digital: Columbus, OH-based Pillar Technology provides embedded software capabilities for connected products such as cars. The company has
NelsonHall talked with Accenture recently, and discussed the ER&D ambition of Accenture Digital’s new unit, Industry X.0. The discussion far exceeded the scope of IoT. Learn more here.
QuEST Global Services is accelerating on its M&A strategy and has made its second acquisition of the year, with Exilant Technologies, a Bangalore-headquartered firm founded in 2004. Exilant is a large acquisition and brings 900 FTEs. The company has
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,