Akka performed well in full-year 2018: revenues were up 9.5% at CC/CS to EUR 1,505m. The company demonstrates, quarter after quarter, its ability to grow quickly in geographies, large or small
AE Industrial Partners makes further scope changes between Belcan and CDI Corp
Private equity (PE) firm AE Industrial Partners (AE) continues to adjust the scope of its portfolio companies and transferred Schafer from Belcan to Gryphon Technologies.
UPDATED: What’s up with Expleo?
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L&T to launch a hostile take-over over Mindtree
If you follow what’s going in India, you are probably well aware that the manufacturing conglomerate Larsen & Toubro (L&T) has acquired 20.3% of Mindtree, from a passive promoter (the Indian term for key shareholders, usually founders).
What growth options is Assystem facing?
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Assystem guides for 10% revenue growth in 2019
Assystem’s 2018 earnings were in line with its guidance. The company already had communicated its revenue performance, with a disappointing H1 (+0.8% at CC/CS) and a very good H2 (+13.2%).
Is ÅF Pöyry an ER&D service vendor?
Several readers reacted to the birth on February 22, 2019, of ÅF Pöyry. They argue that ÅF Pöyry has become a building engineering-centric firm and now shares more with the likes of Sweco, Arcadis, or SNC Lavallin in Canada, than with Altran, or HCL Tech.
Non-linear growth: what’s up with Ricardo’s Performance Products unit?
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Ricardo: becoming more dependent on its Performance Products unit in H1 FY19
Ricardo published its H1 FY19 results, which were in line with its trading update of January 2019. Ricardo’s revenues were GBP 188m, up 3.7% yoy and up 2% yoy at CC/CS. Its adjusted operating margin was 8.8%, slightly down, by 10 bps yoy.
Alten’s strategic plan: more of the same!
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Ricardo renews and expands its engine manufacturing contract with McLaren
British ER&D service vendor Ricardo has renewed and expanded its engine manufacturing contract with McLaren. The company will manufacture engines for McLaren’s Track 25 plan. McLaren is expanding its car portfolio and as part of Track 25, will design 18 new models or derivatives of existing models.
ER&D services rankings: the winner is…
We have created an interim ranking of the top ten ER&D service vendors. Several large ER&D
Bertrandt accelerate somewhat in Q1 FY19
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ÅF: last quarter before Pöyry comes in
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Pöyry completes its recovery in 2018
We looked at the 2018 results of Pöyry, its last financials before its acquisition by ÅF. The results confirmed that Pöyry has succeeded in its recovery: its 2018 revenues were up 10.9% in 2018, to EUR 580m, and its adjusted EBIT margin was 7.5%, up 250 bps.
A slight slowdown for SII in Q3 FY19
SII’s growth in Q3 FY19 slowed down a bit: revenues were up 11.8% yoy and up 12.3% yoy at CC/CS (H1: +14.5% at CC/CS). The relative slowdown came from international operations (+16.6% at CC/CS in Q3, vs. H1: +21.2%), while France was stable at +9.0% in Q3 (H1: 9.1%).
Assystem: a solid performance in H2 2018 after a weak H1
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Assystem Technologies rebrands as Expleo
Assystem Technologies and all its affiliates, including SQS, have rebranded as Expleo. The term Expleo refers
Belcan continues to acquire in the UK
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.
Alten concludes 2018 with a 14% organic growth in Q4!
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Assystem gets major contract extension for Akkuyu nuclear plant
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Ricardo continues to suffer in its core UK automotive market
British ER&D service vendor Ricardo provided a “trading update” that suggested a soft performance in H1FY19, the period ending December 31, 2018.
Cyient takes full control of Rangsons Electronics
Cyient has acquired the remaining 26% in Rangsons Electronics it did know own, for ~USD 60m. The name Rangsons Electronics may not ring a bell, as Cyient now reports the business under the name DLM.
KPIT reborn!
KPIT quietly finalized its merger with the privately-owned Birlasoft. The new company is now called Birlasoft and will be an IT service pure-play. Birlasoft has carved out its automotive engineering business that will be called KPIT.
Cyient suffered from a slowdown in its Service business in Q3 FY19
Cyient’s revenues were up 8.6% yoy and up 10.7% yoy at CC in Q3 FY19 to $165m.