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2020: A Year of Slowdown for ER&D Service Vendors
We are expecting a slowdown in ER&D spending in 2020. Learn more here.
NelsonHall: Accenture’s Industry X.0 Expands its Focus to Digital Manufacturing Use Cases
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.
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
Belcan Acquires in Software Engineering
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.
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
Assystem acquires ASCO to strengthen its project management capabitilies
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HCL Tech completes the acquisition of IBM software products
HCL Tech has closed the acquisition of several IBM products. The company has now ownership of AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica. We assume the price of the transaction has not changed and still is USD 1.8bn.
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
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.
Wipro makes surprise acquisition. Acquires a CAD/PLM data integration specialist
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.
AE Industrial Partners continues to adjust the scope of CDI. Sells MRI unit
AE Industrial Partners, which also owns Belcan, continues to adjust the business portfolio of CDI Corp. CDI sold its Management Recruiters International (MRI) business.
Cognizant wins a large PES contract at AVEVA
ERDservices.org rarely reports about Cognizant, the NJ-headquartered but India-centric IT services giant in the space of ER&D services. Despite its size (2018 revenues of USD 16.1bn) and high-growth, Cognizant is little-visible in the ER&D area and is not a significant player in this industry.
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.
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.
Cyient warns on a softer Q4 FY19 than expected, stock down 12%
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.
Akka: good financial performance in 2018 and a bold US strategy
Akka performed well in full-year 2018: revenues were up 9.5% at CC/CS to EUR 1,505m. The company demonstrates, quarter after quarter, its ability to grow quickly in geographies, large or small
AE Industrial Partners makes further scope changes between Belcan and CDI Corp
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.
UPDATED: What’s up with Expleo?
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Is there space for ER&D service vendors in digital?
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Accenture acquires in the MES space with ESP
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
Assystem Technologies rebrands as Expleo
Assystem Technologies and all its affiliates, including SQS, have rebranded as Expleo. The term Expleo refers
Belcan continues to acquire in the UK
Belcan made its second acquisition in the UK, since it was taken over by PE AE Industrial Partners. The acquired firm is Sitec, through its two units Sitec Design and Sitec Recruitment.
Spotlight on Luxoft’s ER&D services capabilities: Digital Enterprise
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