AE Industrial Partners continues to scale up its investment in its various engineering and IT services units, which include Belcan, CDI, and Gryphon Technologies
We missed an important acquisition that QuEST Global announced at the end of June. QuEST has acquired Dakota Moon Enterprises (DME).
On the same week Dassault Systemes made its largest acquisition ever, PTC acquire a small Netherlands-based IT services firm that is specialized in creating AR-based use cases. TWNKLS has a headcount of 36.
We had to look back into our database to identify when Wipro had, for the last time, acquired an ER&D service vendor. In 2005-2006, Wipro acquired three ER&D services (Saraware, NewLogic, and Quantec) around semi-conductors and PLM services. And then, nothing for the following thirteen years.
AE Industrial Partners, which also owns Belcan, continues to adjust the business portfolio of CDI Corp. CDI sold its Management Recruiters International (MRI) business.
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.
With the launch of Industry X.0 last year, Accenture had voiced its intention to enter the ER&D services, starting by IoT and digital technologies. During the summer of 2018, the company had acquired two embedded software specialists and one product design firm. The scale of the acquisition was relatively modest with a combined ~450 consultants added
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.
ÅF likes to present itself as a Nordic powerhouse, and indeed, it is the largest ER&D service vendor headquartered in the Nordics. That does not mean the company has saturated its home market: ÅF remains very much a Swedish
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
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
Segula Technologies has acquired Activetech, a plastics engineering firm based in Caen, France. The company serves the supplier automotive sector, and provides design and engineering services for interior and exterior parts. Activetech is small: the company has a headcount
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
QuEST Global continues to roll out its M&A program, with the acquisition of a mechanical engineering specialist, Engineering Community (engicom). engicom is based in Barcelona Spain, provides mechanical engineering services, has a prototyping and testing facility, and also does