IBM Consulting, formerly IBM Global Business Services, will acquire Dialexa, a product engineering services (PES) vendor headquartered in Dallas, TX.
Bertrandt (Modestly) Shifts its Portfolio to Digital with Philotech
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.
AFRY Launches AFRY X, Its New Digital Division
mployees from the other five divisions. It has approximately a revenue of SEK 1bn (USD 110m) and 800 employees. AFRY is gradually ramping up its digital investments and expects to spend SEK 100m in 2022, up from SEK 50m in Q1-Q3 2021.
AFRY: High Growth and Surprises in Q2
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Accenture Gets Big in Germany with Umlaut
Accenture made a big move with the acquisition of Umlaut, an ER&D vendor headquartered in Germany. The transaction comes as a surprise: umlaut brings EUR 350m in revenues. It is the first sizable acquisition that Accenture made for Industry X. Up to now
An Integrated AFRY: Repositioned around Digital and Sustainability
AFRY recently unveiled its strategy: the company plans to become more integrated and positioned around digital technologies and sustainability. AFRY has suffered in the past few years of a lack of organic growth. In 2019, right before the pandemic, the company grew organically by 1.9%, underperforming most competitors. Then came 2020, and AFRY handled the crisis well, with an organic decline of only 6.4%
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.
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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Globallogic Acquires in Digital and IT Services
Globallogics made an acquisition in IT services with ECS. ECS brings precious digital capabilities including cloud and agile/DevOps.
Accenture Industry X.0 Makes Another Acquisition in Digital Manufacturing
Accenture made another acquisition for its Industry X.0 unit. The newly acquired firm is Callisto Integration, an industrial IT specialist that is headquartered in Oakville, Ontario.
Akka Acquires Data Respons and Makes its Most Expensive Acquisition Ever
In a November blog, we had mentioned that Akka had issued €175m in convertible bonds. Akka
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
PTC makes an AR/VR services acquisition
On the same week Dassault Systemes made its largest acquisition ever, PTC acquire a small Netherlands-based IT services firm that is specialized in creating AR-based use cases. TWNKLS has a headcount of 36.
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 opens another Industry X.O “innovation center”, in Spain
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.
Is there space for ER&D service vendors in digital?
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Spotlight on Luxoft’s ER&D services capabilities: Digital Enterprise
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QuEST: Growth Ambitions in Germany
QuESTGlobal Services has big ambitions in Germany, where it intends to double its headcount in the
Thoughts about KPIT’s Engineering Business
As you probably know, KPIT, a relatively small IT and ER&D service vendor is engaged in
Spotlight on Akka’s activities in Germany
This week, Akka presented its H1 2018 results. Much of the discussion during the presentation revolved
Accenture’s Busy ER&D Summer. Set to Re-shape the Industry
Accenture had a busy summer, making three tuck-in acquisitions to its recently-created new Industry X.0 unit
EDAG to Acquire a German Automotive Specialist for its Electrics/Electronics Unit
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What Is Cyient Up To with its S3 Strategy?
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Product Design: Brand Is a Must for ER&D Vendors
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