Still aiming to take control of Altran, Capgemini is open to show flexibility in its ownership structure. The company targets at least 50.1% of the shares of Altran and will accommodate large minority shareholders.
NelsonHall has posted an analysis of the Capgemini acquisition of Altran. NelsonHall is taking a Capgemini and IT services perspective, whereas, in this blog, we have made comments with our ER&D lenses. Enjoy.
HCL Tech has closed the acquisition of several IBM products. The company has now ownership of AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica. We assume the price of the transaction has not changed and still is USD 1.8bn.
Capgemini is to acquire Altran, for €5.0bn, including €3.6bn in cash and Altran’s net debt of €1.4bn (gross debt of €1.8bn). The company has already secured the 11% stake in Altran that Apax Partners holds and will rely on the financing, on its €1bn cash position and a €4.4bn bond issue.
Cognizant has been making more headlines in ER&D services, recently. Last month, we had mentioned its software product engineering services (PES) contract with PLM vendor AVEVA. This week, we are looking into Cognizant’s planned acquisition of Zenith Technologies. Zenith
We usually do not comment on the M&A activities of major PLM ISVs. However, Dassault Systèmes’ acquisition of Medidata, an NYC-headquartered ISV specialized in software to manage clinical trials and commercial launches, is worth a thought or two.
Altran has phased out the Aricent brand in North America and now trades under the Altran brand. The company highlights it now has three primary brands: Aricent for its core ER&D services, Cambridge Consultants for its “innovation consulting” capabilities, and Frog for product design
Private equity (PE) firm AE Industrial Partners (AE) continues to adjust the scope of its portfolio companies and transferred Schafer from Belcan to Gryphon Technologies.
If you follow what’s going in India, you are probably well aware that the manufacturing conglomerate Larsen & Toubro (L&T) has acquired 20.3% of Mindtree, from a passive promoter (the Indian term for key shareholders, usually founders).
Cyient has acquired the remaining 26% in Rangsons Electronics it did know own, for ~USD 60m. The name Rangsons Electronics may not ring a bell, as Cyient now reports the business under the name DLM.
ÅF and Pöyry have provided some light on the combined ÅF Pöyry. ÅF Pöyry will have revenues of SEK 19.2bn (~USD 2.1bn), a decent margin with 8.5% in adjusted EBIT, and 14.5k FTEs. ÅF Pöyry will be a sizeable organization.
We learned a bit more about the rationale of this USD 1.8bn deal under which HCL Tech is acquiring seven software products from IBM. A diversified scope with mature and high-growth potential products HCL is acquiring products with high
HCL Tech provided additional light on its recently-announced acquisition of seven IBM software product for $1.8bn. What is the scope of the deal? HCL Tech is buying seven products, of which two are new (Commerce and Connections), and five
HCL Tech will acquire eight software products from IBM for $1.8bn. The company is taking over several brands Unica (marketing automation), Commerce, Appscan (static code analysis), Lotus and Domino, and lesser known products such as BigFix, Connections, and Portal).
In an interview published on LinkedIn, Warren Harris, the CEO of Tata Technologies (TTL) confirmed that its parent company, Tata Motors, is looking to sell its stake in TTL. Tata Motors has a 72% stake in TTL and is
The owner of Belcan, private equity funds AE Industrial Partner, has acquired Gryphon Technologies, a U.S. defense specialist that counts the Department of Defense as its largest client. Gryphon was founded in 1997, is headquartered in Washington, D.C., and
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