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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.
Bertrandt issues a profit warning
After the profit warning of EDAG in July, Germany’s largest automotive ER&D pure-play, Bertrandt, also issued a profit warning. The company lowered its EBIT margin range guidance to 5%-7.5%, down from 7%-9% previously. Bertrandt is suffering from project delays and low utilization rates.
EDAG issues a profit warning
EDAG issued last night a profit warning for its full-year 2019 operations. The company is now expecting revenue growth by approximately 1% (previous guidance 5%), an adjusted EBIT margin of 4%-5% (previously 5%-7%), and a net profit of EUR 10m.
Sweco acquires IMP GmbH
05, 2019
Infrastructures, Sweco
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SII’s growth erodes in Q4 FY19 but remains very solid
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EDAG revises its guidance down for full year 2019
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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.
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.
Akka: good financial performance in 2018 and a bold US strategy
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
Alten’s strategic plan: more of the same!
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Bertrandt accelerate somewhat in Q1 FY19
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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.
Why onshore ER&D service vendors must pro-actively become India-centric
It is striking to see how few onshore ER&D service vendors have built a significant Indian or nearshore presence. Onshore vendors do acknowledge that the Indian ER&D service vendors grow faster than they do but argue that most of the Indian vendors service U.S. clients or industries (mostly, ISVs, technology vendors and telecom equipment manufacturers) they do not quite address.
Bertrandt reaches EUR 1bn in annual revenues
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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
Akka posts a strong performance in Q3 with a 12.8% organic growth
Akka was the last to announce its revenue performance in Q3 2018, after Alten and Altran.
Thoughts about KPIT’s Engineering Business
As you probably know, KPIT, a relatively small IT and ER&D service vendor is engaged in
Alten: Best-in-Class. Struggling to Find Enough M&As at the Right Price
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Bertrandt Accelerates in Q2 thanks to its Physical Engineering Business
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