GlobalLogic announced a rare acquisition. The company took over Skookum, a digital agency headquartered in Charlotte, NC.
US giant Jacobs Engineering acquires Wood’s nuclear engineering business
Jacobs Engineering, a US infrastructure giant, is to acquire the nuclear engineering business of (another infrastructure giant in the UK) Wood. Jacobs is paying an enterprise value of USD 300m.
Akka sends mixed signals in Q2
Akka surprised investors with a CC/CS revenue growth slowdown in Q2 2019: revenues were up 5.1% yoy at CC (vs. 6.6% in Q1). Utilization declined by 50 bps yoy, and attrition (excluding PDS Tech) was up by a massive 530 bps, to 23.3%.
Alten best-in-class in Q2, as always
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AI Industrial Partners continues to grow Gryphon
AE Industrial Partners continues to scale up its investment in its various engineering and IT services units, which include Belcan, CDI, and Gryphon Technologies
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).
HCL Tech completes the acquisition of IBM software products
HCL Tech has closed the acquisition of several IBM products. The company has now ownership of AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica. We assume the price of the transaction has not changed and still is USD 1.8bn.
Cognizant to acquire Zenith Technologies and strengthens its MES capabilities for the life science industry
Cognizant has been making more headlines in ER&D services, recently. Last month, we had mentioned its
Dassault makes its largest acquisition ever. Spends USD 5.8bn in cash for a clinical trial ISV, Medidata
We usually do not comment on the M&A activities of major PLM ISVs. However, Dassault Systèmes’ acquisition of Medidata, an NYC-headquartered ISV specialized in software to manage clinical trials and commercial launches, is worth a thought or two.
Wipro makes surprise acquisition. Acquires a CAD/PLM data integration specialist
We had to look back into our database to identify when Wipro had, for the last time, acquired an ER&D service vendor. In 2005-2006, Wipro acquired three ER&D services (Saraware, NewLogic, and Quantec) around semi-conductors and PLM services. And then, nothing for the following thirteen years.
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.
Altran performs well in Q1 2019 despite the cyber-security incident and Aricent
Altran achieved in Q1 2019 a CC/CS growth yoy of 8.1% despite the impact of the decline in revenues of Aricent (-2% at CC/CS) and its cyber-attack (impacting the revenue growth of Altran by 200 bps).
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
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.
Altran finishes 2018 on a strong note. Stock up 7%
Altran reassured investors with its Q4 2018 and full-year 2018 results.
Alten’s strategic plan: more of the same!
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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.
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.
NelsonHall: DXC Bets $2bn on Recovery of Luxoft to Boost its Digital Capabilities
NelsonHall has published a new blog about this week’s big news: the acquisition by DXC Technology of Luxoft.
HCL Tech and IBM (Part 4) A right move?
The USD 1.8bn HCL Tech deal is undoubtedly impressive and does raise many questions about the
HCL Tech and IBM (Part 3) More details about the deal: rationale and scope
We learned a bit more about the rationale of this USD 1.8bn deal under which HCL
GlobalLogic Aiming to Triple Revenues by 2022
In an interview with Indian business paper the Economic Times, GlobalLogic expressed its intentions to reach
