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Thermo Fisher Makes A Massive Acquisition with PPD
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Akka Shifts its US Strategy and Goes India-Centric
Akka Technologies made a significant shift in its US strategy with the appointment of Dharam Sheoran. Mr. Sheroan joined from Wipro and must have been an ideal candidate for Akka. At Wipro, he headed several global service lines, including automotive and A&D. His experience, therefore, matches Akka’s presence and ambitions in the country.
DXC Turns Down Atos’ Bid as Low
Unsurprisingly, DXC Technology turned down Atos’ offer to acquire the firm. DXC considered it, USD 10bn, as reported by Reuters, as too low. The company considers it is going through a turn-around. Also, 16 months into the job, DXC’s CEO, Mike Salvino, believed it was too early to sell the Tysons, VA-based firm.
With Softvision, Cognizant Is Building A New EPAM
In the past three years, Cognizant has been building Softvision as a new EPAM. Like EPAM, Softvision has grown very fast: Softvision 10-12k employees currently, from 2.8k employees at the time of its acquisition in late 2018.
Charles River Gains Large Molecules Expertise, Targeting Biotechs
Charles River Labs (CRL) will gain further expertise for biotechs. The company is to acquire San Francisco-based Distributed Bio, a large molecules specialist firm focusing on antibody discovery. Distributed Bio will become part of CRL’s core R&D business, Discovery & Safety Assessment.
UPDATED: Atos Approaches DXC in a USD 10bn Transaction
Following a Reuters news release, European IT services vendor Atos confirmed it had submitted to the Board of DXC an unsolicited non-binding offer to acquire the firm. The offer is at a preliminary stage. Reuters estimated Atos’ offer to USD 10bn.
Jacobs Spends USD 1.8bn on PA Consulting to Keep It Independent
Jacobs surprised us with its intention to acquire a 65% stake in PA Consulting for USD 1.8bn (enterprise value of the stake). For those of us that have been in the industry, we know that consulting acquisitions can be risky. Think of EDS and AT Kearney, Capgemini and Ernst & Young Consulting, or IBM and PwC Consulting.
PA : Jacobs Acquires Outside of its Core US Government and Engineering Markets
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More Tuck-In M&As Despite the Pandemic! Belcan, AFRY, and Semcon
Tuck-in M&As continued despite the pandemic and the pending US elections today, with Belcan, AFRY, and Semcon active in the past week.
Wipro Acquires A Semiconductor Engineering Specialist
Wipro joined many competitors in acquiring a semiconductor engineering specialist. ER&D service vendors are rushing into this market, attracted by its long-term growth potential. Indeed, we estimate to ten the number of semi-conductor M&As since 2015. Altran, through the Aricent, GlobalEdge, and SciConTech transactions, has been the most acquisitive. However, all the industry’s brand names have been active, e.g., Tech Mahindra, HCL Tech, Alten, LTTS, and Cyient.
Accenture Strengthens Industry X in Supply Chain
Accenture made another acquisition for Industry X. The new firm acquired by Accenture is named Myrtle Consulting and is headquartered in Houston, TX. We estimate its headcount to below 200. It is a consultancy firm.
Infosys Gains Product Design & Engineering Capabilities with Kaleidoscope
Infosys made a rare acquisition in the world of ER&D with Kaleidoscope Innovation. Kaleidoscope is headquartered in Cincinnati, OH, has a headcount of 60 and revenues of USD 21m in calendar 2019. Infosys is paying USD 42m.
Charles River Acquires Cellero for its HemaCare Business
In August, CRL acquired a small firm, Cellero, headquartered close to Boston for USD 38m. Cellero brought a geography presence to HEMA (which is based in California).
Ricardo Exits the Automotive Engine Testing Business
Ricardo divested, as expected, its engine testing and prototype facility in Belleville, MI. The company had looked for a buyer for more than one year and even bought the property to make the sale of the facility easier.
Accenture Acquires in PLM Services with A PTC Specialist
Accenture made a rare acquisition in PLM services for its Industry X.0 unit. The company is to acquire a Torino-headquartered PTC partner, PLM Systems. PLM Systems is a small firm and has 30 consultants
Outlook for the Aerospace Industry: A True Paradigm Shift
The Aerospace Industry’s Outlook Has Changed in Less Than Two Months We now have visibility on
Akka: 2019 Results in Line. No Visibility for 2020
Akka has not provided a guidance for 2020. The company expects to suffer in H1, from automotive, aerospace and Covid-19
Altran’s Plans for Raising its Margins
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Charles River Labs Acquires Hemacare for USD 380m
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Belcan Acquires in Software Engineering
Belcan strengthened its software engineering capabilities with the acquisition of Base2 Solutions, a firm headquartered in Bellevue, WA and with an office in California. Base2 has a similar client base to Belcan, with major clients including Boeing, Thales, and L3Harris in aerospace and defense.
Alten Points to Slowing Market in 2020 Despite Good Performance in Q3 2019
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Altran in Q3 2019: North America Soft Despite Reassuring Telecom Business
Altran’s CC/CS revenue growth in Q3 2019 reached +6.0%, to EUR 779m. The company slowed down somewhat from Q1: +8.1%, and Q2: +6.8%, despite the improvement in its operations in North America.
Accenture Acquires Two Firms in October YTD
It has been almost three years since Accenture launched Industry X.0, and we estimate that Accenture acquired nine competitors in these 36 months. The pace is accelerating with Accenture having five competitors in 2019, YTD.
TCS acquires parts of GM’s Technical Center in Bengalore
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