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QuEST Global expands in supply chain services for the aerospace industry
We missed an important acquisition that QuEST Global announced at the end of June. QuEST has acquired Dakota Moon Enterprises (DME).
Ricardo makes a second acquisition in Australia
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Assystem acquires ASCO to strengthen its project management capabitilies
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Assystem to help the Uzbekistan government to double its production capacity by 2030
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SII makes an historic change to its business model
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Ricardo makes a railway engineering acquisition in Australia
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AE Industrial Partners continues to adjust the scope of CDI. Sells MRI unit
AE Industrial Partners, which also owns Belcan, continues to adjust the business portfolio of CDI Corp. CDI sold its Management Recruiters International (MRI) business.
ÅF Pöyry launches a plastics reduction consulting service
In ER&D’ world of embedded systems, IoT, analytics, and EVs, ÅF Pöyry’s new consulting service comes as fresh air.
KPIT’s first results since its IPO
KPIT published its first results since its IPO, as India’s third-largest ER&D services pure-play. Growth slowed down significantly in Q4 FY19, revenues up 13.4% yoy to USD 71m. The company’s EBITDA margin was 12.8%.
ÅF Pöyry accelerates its growth in Q1
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SII’s growth erodes in Q4 FY19 but remains very solid
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LLTS: a splendid performance in FY19!
LTTS continued to be impressive in FY19: the company grew revenues completed by 26.5% at CC (almost purely organic) to USD 723m. LLTS has now taken over Cyient as India’s largest listed ER&D pure-play.
EDAG revises its guidance down for full year 2019
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A few thoughts about Akka’s performance in Q1 2019
Akka has a somewhat soft financial performance in Q1 2019. The company’s organic (CC/CS) revenue growth reached 6.6%, impacted by a lesser number of working days yoy, a 0.5% sequential decrease in its headcount, and by high attrition (20.8%, up by 230 bps yoy).
KPIT returns to the stock market
Last week, KPIT Technologies, returned to India’s BSE and NSE. The company now has a market cap of approximately USD 410m with its share was introduced at a price of INR 99 and traded in the past few days between INR 103 and INR 115. KPIT has succeeded in its IPO and is now an ER&D service pure-play having sold its IT services business to Birlasoft.
Alten adds EUR 100m in revenues this quarter
Alten impressed, again, with its growth performance. In Q1 2019, revenue growth (at CC/CS yoy) reached +12.5%, to EUR 643m. This quarter, Alten added almost EUR 100m in revenues, two-thirds of it through organic growth and one third through acquisitions. The Forex impact was negligible.
Assystems gets its largest rail transportation contract
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Assystem accelerates in Q1 2019 across all units
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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.
EDAG impresses in 2018 with a 10% growth. Key strategic questions remain
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How will 2019 look like for the ER&D services industry?
We are now entering the season for Q1 earnings, and as always we will look into changes in major trends. The state of the automotive industry will be an area we will be closely monitoring.
A few thoughts about Akka’s 2018 results
During its presentation of its 2018 results, Akka provided some light on key its priorities. Here is a summary of these priorities.
ÅF Pöyry resumes its acquisitions
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Cyient warns on a softer Q4 FY19 than expected, stock down 12%
Cyient warned investors that its Q4 FY19 would not be as good as expected. The company saw softness in both its services and DLM activities.