Etteplan To Acquire Semcon to Gain Scale Etteplan, the ER&D services vendor headquartered in Espoo, Finland,
Cyient made its largest acquisition ever with Citec. Citec is headquartered in Vasa, Finland. The company provides primarily power plant engineering services.
Bertrandt announced its first acquisition in years: Philotech will help the firm to (modestly) shift its portfolio. The company had an estimated EUR40m in revenues and is headquartered in Taufkirchenn, close to Munich, Germany.
Semcon To Spin Off Product Information (PI) Semcon will spin off its Product Information (PI) unit and
French ER&D service vendor, Segula Technologies, acquired the automotive unit of Safran Engineering Services in Valladolid, Spain. The acquired unit is small (with a headcount of 81 engineers). It mostly services Renault.
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
In a November blog, we had mentioned that Akka had issued €175m in convertible bonds. Akka
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.
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Cognizant has been making more headlines in ER&D services, recently. Last month, we had mentioned its
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.
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 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.
NelsonHall has published a new blog about this week’s big news: the acquisition by DXC Technology of Luxoft.
QuESTGlobal Services has big ambitions in Germany, where it intends to double its headcount in the
The owner of Belcan, private equity funds AE Industrial Partner, has acquired Gryphon Technologies, a U.S.
This week, Akka presented its H1 2018 results. Much of the discussion during the presentation revolved
Akka Technologies has finalized the full ownership of MBTech, up from a 65% stake. MBTech is
Accenture had a busy summer, making three tuck-in acquisitions to its recently-created new Industry X.0 unit
Segula Technologies has acquired Activetech, a plastics engineering firm based in Caen, France. The company serves