Bertrandt announced its first acquisition in years: Philotech will help the firm to (modestly) shift its portfolio. The company had an estimated EUR40m in revenues and is headquartered in Taufkirchenn, close to Munich, Germany.
Alten Finishes 2021 with an Indian-like Growth Rate
lten finished 2021 with an India-growth rate. For the third consecutive quarter, Alten has an organic (cc/cs) revenue growth close to 20%, reaching 23.2% in Q4. The company benefitted from favorable comps (-17.4% in Q4 2020) and HR decisions.
SII Achieves Its Highest Profits Ever
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Assystem Divests Assystem Care To Improve Its Growth Profile
Assystem Sells Assystem Care to Expleo to Accelerate Growth As disclosed during its H1 2021 results,
Semcon Spins Off Its PI Unit To Increase Shareholder Value
Semcon To Spin Off Product Information (PI) Semcon will spin off its Product Information (PI) unit and
AE Industrial’s Timely Investment in Gryphon … and Exit
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
AFRY Launches AFRY X, Its New Digital Division
mployees from the other five divisions. It has approximately a revenue of SEK 1bn (USD 110m) and 800 employees. AFRY is gradually ramping up its digital investments and expects to spend SEK 100m in 2022, up from SEK 50m in Q1-Q3 2021.
Sweco Still Struggling to Resume Growth in Q3 2021
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
SII: Simply the Best this Quarter
II was simply the best this quarter. The France-headquartered ER&D services vendor had its revenues up 24.0% yoy (at cc/cs) in Q3 2021/Q2 FY22. SII matched Alten’s excellent performance (+24.0% at cc/cs) despite relatively demanding comps. Unlike peers, SII had limited exposure to automotive and aeronautics. In FY21, its revenues were only slightly down, by 1.5% at cc/cs. SII, therefore, managed to grow its Q2 FY22 revenues despite relatively demanding comps (-4.5%). Alten’s decline during the same quarter was 9.4% yoy.
Assytem’s Nuclear Engineering In A Soft Landing
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
More Diversification And Sustainability Ahead For Ricardo
Ricardo announced in September its priorities for the years to come: further client diversification, a focus on Asia and North America, a continued refresh of its service portfolio, and sustainability in all its forms. These priorities are very much in line with Ricardo’s strategy in the past few years.
Alten, the Largest and Fastest-Growing in Q3!
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Alten Now Positioned on Mid-Sized Acquisitions
Alten Using Mid-Sized Acquisitions to Counterbalance the Pandemic Impact Alten had told investors it would increase
Assystem To Accelerate its Transformation By Selling Assets
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Is There A Space Left for ER&D Pure-Plays? Part 1: Consolidation of the Market
Is there a space left for ER&D pure-plays? We think the question is relevant. The ER&D market is an attractive market with solid growth prospects and has attracted outsiders. Growth prospects are solid (with the situation in commercial aviation somewhat better than planned).
Will Alten Be A Significant Clinical Trials CRO?
ER&D services largest pure-play, Alten, has ambitions as a clinical trials contract research organization (CRO). During Q2 2021, the company completed the acquisition of Cmed. Cmed, a clinical trial CRO based in the UK. It is a small firm with EUR 20m in revenues and 180 consultants. It has specialized in oncology, immuno-oncology, cell therapy, and rare disease.
Alten: A Big Rebound in Q2
Alten impressed investors with its Q2 rebound: revenues had a big rebound (+19.7% yoy at cc/cs) to EUR 714m. We had anticipated this solid rebound: the comps were very favorable (Q2 2020 was down 18.4% yoy organically).
Modis Comes Into the Light with Akka
Modis came into the light two weeks ago when Adecco announced the acquisition of Akka. Modis is a decently large IT services firm with 2020 revenues of EUR 2,179m. It is little-profitable with an adjusted EBITA margin of 5.7% (2019: 6.3%). Like everyone, the company faced headwinds in 2020, with revenues down 9% in 2020 (2019: -3%).
SII Close to a 30% Organic Growth this Quarter
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
When Will Sweco Make A Significant Acquisition?
It has been five years since Sweco made its last significant acquisition. In 2015, the company took over Grontmij, which brought 6,000 employees and revenues of EUR 659m.
Sweco: Is Sustainability Good Enough?
Sweco had a relatively mild financial performance in Q2 2021 with a 2% yoy growth at cc/cs to SEK 5,643m (USD 649m). The company did not benefit from favorable comps (Q2 2020: +2% yoy at cc/cs). Sweco suffered from its lower utilization rate and headcount
AFRY: High Growth and Surprises in Q2
Become a ERD Services premium reader to access all of your content, by contacting us at
Accenture Gets Big in Germany with Umlaut
Accenture made a big move with the acquisition of Umlaut, an ER&D vendor headquartered in Germany. The transaction comes as a surprise: umlaut brings EUR 350m in revenues. It is the first sizable acquisition that Accenture made for Industry X. Up to now
Cyient FY21: Make In India Saves The Day
Cyient – Thank You Make in India The Make in India program saved the day for
Assystem: Nuclear Engineering Drives Growth in Q1
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org