ER&D vendors continue to be very active in M&As, with many tuck-in acquisitions. AFRY is now in full acquisition mode with six transactions in 2021 YTD. Competitor Sweco has also accelerated with four transactions. Accenture has made an unusual transaction by taking over a manufacturer of industrial automation and robots in Brazil for Accenture Industry X. Finally, Cognizant acquired a significant German automotive ER&D vendor, ESG.
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%
Accenture made another acquisition for its Industry X unit. Salt Solutions is based in Würzburg, 80 miles away from Frankfurt, in Germany. It, also, has offices in Stuttgart, Dresden, and Munich. Salt is SAP-centric with a specialization in SCM and also capabilities around production systems, all around SAP.
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.
The media have reported numerous examples of volunteers, globally, producing missing equipment, mostly protective masks, for health care professionals exposed to the COVID-19 disease.
We are expecting a slowdown in ER&D spending in 2020. Learn more here.
NelsonHall has published a new blog about how Accenture, through Industry X.0, is not only targeting product design and engineering opportunities but also digital manufacturing.
Cognizant has been making more headlines in ER&D services, recently. Last month, we had mentioned its
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.
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
The star of ER&D services, HCL Tech, has acquired Hönigsberg & Düvel Datentechnik GmbH (H&D), a