Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Akka Shifts its US Strategy and Goes India-Centric
Akka Technologies made a significant shift in its US strategy with the appointment of Dharam Sheoran. Mr. Sheroan joined from Wipro and must have been an ideal candidate for Akka. At Wipro, he headed several global service lines, including automotive and A&D. His experience, therefore, matches Akka’s presence and ambitions in the country.
Unofficial: Renault Selects its Four ER&D Preferred Vendors
According to unofficial sources, Renault has now finalized its list of preferred ER&D service vendors, reducing it from nine vendors to four. The four winners are Akka, Bertrandt, Expleo, and Segula. They will now grab 80% of Renault’s ER&D spending and double their market shares.
AFRY: One Year After the Merger, Still Struggling on Organic Growth
One year after its merger with Pöyry, AFRY is still struggling. At the time of the Pöyry acquisition, AFRY, the ÅF, wanted to reignite organic growth and improve its profitability. The result is mixed.
Bertrandt Suffers from its Lack of Diversification in Q2 FY20
A bit more than two years ago, the share of Bertrandt was above EUR 100 and its market cap above EUR 1bn. Investors liked Bertrandt’s annual growth of 10% and its high-single-digit EBIT margin. Today, Bertrandt’s market cap varies between EUR350-400m, and the financial performance continues to deteriorate.
Renault Considering R&D Outsourcing to Save EUR 200m Annually
Renault is considering R&D outsourcing to save EUR 100-200m annually. The company currently works with approximately 15 ER&D vendors and wants to reduce its number of preferred partners to five.
PSA To Deploy Systematically Work at Home Policy
During the crisis, PSA more than doubled the number of employees WaH from 18,000 concurrent connections to its IT to 38,000.
Outlook for the Aerospace Industry: A True Paradigm Shift
The Aerospace Industry’s Outlook Has Changed in Less Than Two Months We now have visibility on
Akka: 2019 Results in Line. No Visibility for 2020
Akka has not provided a guidance for 2020. The company expects to suffer in H1, from automotive, aerospace and Covid-19
Bertrandt: Soft Quarter in Q1 FY20
Bertrandt had a soft quarter in Q1 FY20 (corresponding to calendar Q4 2019): revenues were flat (+0.4%) to EUR 263m, impacted by project delays, and reduced utilization rates in its Digital Engineering (DE) unit (-3.0%). DE, Bertrandt’s largest unit (55% of revenues), suffered from Germany OEMs shifting their R&D spending to digital.
TCS acquires parts of GM’s Technical Center in Bengalore
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
US giant Jacobs Engineering acquires Wood’s nuclear engineering business
Jacobs Engineering, a US infrastructure giant, is to acquire the nuclear engineering business of (another infrastructure giant in the UK) Wood. Jacobs is paying an enterprise value of USD 300m.
UPDATED: Segula finalizes its outsourcing contract with PSA. Reduced scope!
PSA finalized its outsourcing contract with Segula, almost one year after it was announced. Looking at the details, the scope of the contract is much smaller than expected, with the people transfer initially involving 700 employees, rather than the 2,000 expected. Segula has agreed to take over the new engineers and guaranteed similar wages and benefits and also purchasing buildings and facilities.
Cyient’s revenues decline in Q1 FY20
Cyient’s revenues in Q1 FY20 declined, slightly, by 2.6% yoy. The decline came as a surprise as the company had signaled it had bottomed out in Q4 FY19.
Assystem to help the Uzbekistan government to double its production capacity by 2030
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Accenture makes a further acquisition for Industry X.0, in Germany
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.
Segula open a new delivery center in the east of France
Segula Technologies has opened a new delivery center, close to Montbéliard, in the east of France. Segula will use the delivery center for its offsite projects, targeting the automotive industry (i.e., PSA) and its suppliers initially. Over time, Segula wants to diversify its client base to other sectors.
What growth options is Assystem facing?
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
Bertrandt accelerate somewhat in Q1 FY19
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
Spotlight on Luxoft’s ER&D services capabilities: Automotive
We have written two blogs about Luxoft’s ERD services capabilities, with this one focusing on automotive engineering.
Volkswagen and Ford to work together on commercial vehicles
As expected, Volkswagen and Ford have provided some detail on their long-awaited partnership. Ford will design and build mid-sized pickups for Volkswagen, with the first vehicles ready in 2022. It will also build large commercial vans, while Volkswagen will develop a city van. In addition, the two firms intend to work together on mobility services, EVs and autonomous vehicles.
Ford of Europe and JLR restructure and reduce vehicle portfolio
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
GlobalLogic hires a head of Europe
PE firm, Partners Group, continues to drive change at GlobalLogic. The private equity firm seems eager
QuEST: Growth Ambitions in Germany
QuESTGlobal Services has big ambitions in Germany, where it intends to double its headcount in the
Assystem Wins a Major Framework from the UK Atomic Energy Authority
Become a ERD Services premium reader to access all of your content, by contacting us at