Alten impressed, again, with its growth performance. In Q1 2019, revenue growth (at CC/CS yoy) reached +12.5%, to EUR 643m. This quarter, Alten added almost EUR 100m in revenues, two-thirds of it through organic growth and one third through acquisitions. The Forex impact was negligible.
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.
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).
Segula Technologies has opened a new delivery center, close to Montbéliard, in the east of France. Segula will use the delivery center for its offsite projects, targeting the automotive industry (i.e., PSA) and its suppliers initially. Over time, Segula wants to diversify its client base to other sectors.
Altran has phased out the Aricent brand in North America and now trades under the Altran brand. The company highlights it now has three primary brands: Aricent for its core ER&D services, Cambridge Consultants for its “innovation consulting” capabilities, and Frog for product design
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
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.
During its presentation of its 2018 results, Akka provided some light on key its priorities. Here is a summary of these priorities.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
Accenture has opened a new “Industry X.0 Innovation” center. The new center is located in Bilbao, Spain, once an industrial city that has grown significantly in the past twenty years.
Cyient warned investors that its Q4 FY19 would not be as good as expected. The company saw softness in both its services and DLM activities.
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.
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).
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
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%).
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.
With the launch of Industry X.0 last year, Accenture had voiced its intention to enter the ER&D services, starting by IoT and digital technologies. During the summer of 2018, the company had acquired two embedded software specialists and one product design firm. The scale of the acquisition was relatively modest with a combined ~450 consultants added
Altran reassured investors with its Q4 2018 and full-year 2018 results.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
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.
We have created an interim ranking of the top ten ER&D service vendors. Several large ER&D
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.