Continued High Organic Growth for SII SII truly impressed us with its high organic growth in
Has AFRY Finalized its Transformation? Enjoys Strong Organic Growth
AFRY had double-digit organic growth in Q3 2022. We think that AFRY has completed its transformation initiated with the 2019 Poÿry acquisition
New Nuclear Plants To Drive Activity at Assystem from 2028
Assystem expects new nuclear plants to accelerate its activity from 2028 onward, thanks to the French government’s new nuclear ambitions.
Cyient To Divest DLM Seven Years After Rangsons Acquisition
Cyient is exploring the divestment of its DLM unit seven years after the Rangsons Electronics acquisition. The company wants to keep a minority stake in DLM, still offering design-engineering-short series manufacturing.
Meet Ratos: the New Owner of Semcon. Outbids Etteplan
Ratos Offers A 5% Premium over the Etteplan Offer for Semcon Etteplan’s offer for Semcon seemed
Etteplan To Acquire Semcon. The Best Option For Semcon
Etteplan To Acquire Semcon to Gain Scale Etteplan, the ER&D services vendor headquartered in Espoo, Finland,
Ricardo – New CEO, New Strategy, New Priorities
New Ricardo CEO Reshuffled its Strategy Ricardo announced a new strategy and priorities under its new
Cyient Completes Largest Acquisition Ever with Citec
Cyient made its largest acquisition ever with Citec. Citec is headquartered in Vasa, Finland. The company provides primarily power plant engineering services.
SII – Impressive Growth thanks to Poland and Staff Augmentation
French IT and ER&D services vendor, SII, had an impressive growth in Q1 FY23 (corresponding to calendar Q2 22). Year-on-year organic growth reached 27.5%, despite demanding comps (Q1 FY22: +27.1%).
Assystem Puts an End to its Oil & Gas Debacle
Assystem has put an end to its oil & gas debacle with the end of 51% of MPH to its management.
Alten – High Organic Growth in Q2 2022 Despite Challenging Comps
Alten enjoyed high organic growth in Q2 2022, despite challenging comps. Revenue growth was 18.9% yoy at cc/cs. The performance was strong given that Q1 2021 revenues were up +19.7%. This is the fifth consecutive quarter of ~20% organic growth.
AFRY Hoping for the Best…
AFRY is hoping for the best but expecting the worse for H2 2022. The company made clear that the macro-economic conditions and the geopolitical context were uncertain as ever.
Bertrandt (Modestly) Shifts its Portfolio to Digital with Philotech
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
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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
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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.
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
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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!
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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
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