Cyient takes full control of Rangsons Electronics

/ January 25, 2019

Cyient has acquired the remaining 26% in Rangsons Electronics it did know own, for ~USD 60m. The name Rangsons Electronics may not ring a bell, as Cyient now reports the business under the name DLM.

KPIT reborn!

/ January 19, 2019

KPIT quietly finalized its merger with the privately-owned Birlasoft. The new company is now called Birlasoft and will be an IT service pure-play. Birlasoft has carved out its automotive engineering business that will be called KPIT.

Volkswagen and Ford to work together on commercial vehicles

/ January 15, 2019

As expected, Volkswagen and Ford have provided some detail on their long-awaited partnership. Ford will design and build mid-sized pickups for Volkswagen, with the first vehicles ready in 2022. It will also build large commercial vans, while Volkswagen will develop a city van. In addition, the two firms intend to work together on mobility services, EVs and autonomous vehicles.

DXC Tech Acquires Luxoft and enters ER&D services

/ January 7, 2019

DXC, the third largest IT service vendor is to acquire Luxoft, a Central and European delivery vendor providing IT and ER&D services. DXC is offering $2bn for Luxoft, which has been struggling this year, being impacted by its high client concentration.

Why onshore ER&D service vendors must pro-actively become India-centric

/ January 6, 2019

It is striking to see how few onshore ER&D service vendors have built a significant Indian or nearshore presence. Onshore vendors do acknowledge that the Indian ER&D service vendors grow faster than they do but argue that most of the Indian vendors service U.S. clients or industries (mostly, ISVs, technology vendors and telecom equipment manufacturers) they do not quite address.

2018: A Year in Review

/ January 3, 2019

2018 was an eventful year: the top ER&D vendors accelerated their M&A activities. Alten continued to deploy its business model. HCL Tech’s ERS unit had a superb year