Despite the stock market melt-down, ER&D vendors have continued to make tuck-in acquisitions in the past two weeks. The acquired firms were of small size and not likely to impact the net debt of their new owners. However, should the Covid-19-China-US trade-war-Stock Markets meltdown-oil price crisis degenerate into a recession, we expect suck tuck-in acquisitions to become scarce.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
In a November blog, we had mentioned that Akka had issued €175m in convertible bonds. Akka acted fast and announced this morning its most expensive acquisition to date, that of Data Respons, a vendor headquartered in Oslo, Norway, for
Swedish ER&D service vendor ÅF Pöyry changed its brand to AFRY, the amalgamation of ÅF and pöyRY. Meanwhile, its legal name will remain ÅF Pöyry.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
ÅF Pöyry’s revenue growth (yoy, at CC/CS) continued to decelerate this quarter, declining from +8% in Q1 to +1% in Q3 2019, despite the positive impact of an additional working day (+90 bps on revenue growth during the quarter). The company suffered from the same issues as in Q2: a slowdown in the automotive sector from its largest automotive client, (impacting Industrial & Digital Solutions Division) and delayed decision-making in the Infrastructure Division in Denmark.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
05, 2019
Infrastructures, Sweco
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
The purpose of ERDservices.org is and remains the ER&D industry across embedded systems, mechanical engineering, digital offerings, and technical documentation. We are starting the coverage of a different type of vendor: Sweco in infrastructure and building engineering vendor headquartered
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
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.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
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.
We have written two blogs about Luxoft’s ERD services capabilities, with this one focusing on automotive engineering.
2018 was an eventful year: the top ER&D vendors accelerated their M&A activities. Alten continued to deploy its business model. HCL Tech’s ERS unit had a superb year
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
ÅF achieved a CC/CS revenue growth of 6.0% in Q3 2018, reaching revenues of SEK 2,995m (USD 328m). The performance, on the surface, looks similar to that of Q2 (+6.9% at CC/CS), however, Q2 benefitted from one additional working
ÅF had a solid Q2, with CC/CS revenue growth of +6.9%, and reported growth of +11.7%, and reached revenues of SEK 3,608m (~USD410m). The company had a strong performance in its Infrastructure Division, which was up 15.8% at CS,
ÅF has acquired Facilia, a Swedish firm specialized in assessing safety for nuclear waste and nuclear plant decommissioning. Facilia is a small firm with 14 FTEs, and revenues of SEK 18.5m (USD 2m). Its client base includes tier-one Swedish
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.