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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.
An introduction to Evotec
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KPIT: a high-growth automotive pure-play
KPIT published its Q1 FY20, its second quarterly earnings since it became an automotive ER&D pure-play, since the sale of its IT service business to Birlasoft, last year.
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.
Assystem increases slightly its organic guidance after a good Q2
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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.
Infrastructure engineering vendor Sweco suffers from the calendar effect in Q2
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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).
Ricardo makes a second acquisition in Australia
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Assystem acquires ASCO to strengthen its project management capabitilies
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Introducing our pharma R&D research
We have highlighted several times that the pharmaceutical sector represents ~25% of all R&D spending globally, more than automotive and aerospace. Still, very few vendors service pharma clients, and when they do, they provide manufacturing-related engineering services but never target R&D departments.
Key questions about Capgemini’s acquisition of Altran
We continue to reflect on Capgemini’s acquisition of Altran.
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
Sweco acquires IMP GmbH
05, 2019
Infrastructures, Sweco
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Ricardo makes a railway engineering acquisition in Australia
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Introducing Sweco
The purpose of ERDservices.org is and remains the ER&D industry across embedded systems, mechanical engineering, digital
Sweco looks to strengthen its presence in the UK with MLM
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KPIT returns to the stock market
Last week, KPIT Technologies, returned to India’s BSE and NSE. The company now has a market cap of approximately USD 410m with its share was introduced at a price of INR 99 and traded in the past few days between INR 103 and INR 115. KPIT has succeeded in its IPO and is now an ER&D service pure-play having sold its IT services business to Birlasoft.
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.
Assystem accelerates in Q1 2019 across all units
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Segula open a new delivery center in the east of France
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.
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.