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Altran Suffers from a Temporary Slowdown in Q4
Altran’s organic growth slowed down to +3.3% yoy in Q4. The company suffered from two main effects: Brexit delaying decision-making in the UK and deteriorating market conditions in the German automotive market. As a result, Altran’s North Europe and Central Europe business units were down by respectively 9.6% and 8.4% yoy in Q4.
Akka Secures 64% of Data Respons’ Stock
After its unexpected revenue growth slowdown in Q4, Akka suffered from a disappointing result: it secured only 64% of the shares of Data Repons. Akka has received regulatory clearance from the German cartel office authority, so now has control over Data Response.
AFRY Declines Organically in Q4
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Sharp Revenue Slowdown for Akka in Q4. Stock down 18%
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Assystem Grows Organically by 10% in 2019
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Alten Slows Down in Q4. Points to Market Adjustment
Alten’s revenues in Q4 slowed down to a growth of +7.3% yoy (at CC/CS ), following double-digit CC/CS growth during Q1-Q3 2019. The company suffered from a demanding comparison basis (+13.7% in Q4 2018), and one lesser working day in several countries (a 0.15% impact on the group’s revenues).
Tech Mahindra To Acquire a Semiconductor Engineering Firm
Tech Mahindra made a surprise move in semiconductor engineering services. The company is to acquire Cerium
Capgemini Secures 53.4% of Altran and Becomes Worldwide Leader in ER&D
Capgemini has succeeded with its offer to purchase Altran. The company has secured 53.4% of Altran’s capital. According to France’s financial market’s authority, Capgemini will reopen the tend offer from January 28 to February 10.
IT Services and ER&D: Convergence or Overlap?
The industry loves to talk about convergence, especially between ER&D and IT services. As an industry analyst, I must say that I have never seen such porosity between IT service and ER&D services vendors.
LTTS Unexpectedly Slows Down in Q3 FY20
LLTS’ revenue growth in Q3 FY20 decelerated from 11.9% at CC in Q2 to +7.5% in Q3. The company was hit by a deteriorating situation in its Telecom & High-Tech (-26%), which was impacted by the ramp-down of two clients in its Semiconductor sub-vertical that represents (we estimate) 40% of its Telecom & High-Tech sector. LTTS, also, had flat growth (+2%) in its Industrial Products, with large accounts reducing their spend.
Oncodesign Restructures into Two Business Units
Oncodesign has restructured its business into three distinct business units (BU): Service, Biotech, and AI. Each BU will have its own objectives and delivery organization.
Sweco Acquires An Architecture Bureau in Belgium
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Wipro Still Reinventing its Industrial and Engineering Business in Q3 FY20
Wipro announced a mild growth in the revenues of its Industrial and Engineering (I&E) business unit in Q3 FY20: I&E revenues were up by 3.1% only (to USD 151m). Revenues included a small contribution from the recent ITI acquisition and were impacted by the market conditions in the semiconductor industry and softness in 5G adoption.
Cyient Surprises Negatively in Q3 FY20 Both in its DLM and Service Businesses
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Capgemini Increases Its Tender Offer for Altran by 3.6%
Capgemini modestly increased its tender offer for Altran by 3.6%, from €14.0 to €14.5 per share.
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.
AFRY Acquires A Security Management Unit in Norway
AFRY, the former ÅF Pöyry, made another tuck-in acquisition, in line with its strategy to strengthen its current businesses. The company acquired Norway-headquartered One World.
Ricardo Sells Dolphin N2 to CNH Industrial
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Charles River Labs Acquires Hemacare for USD 380m
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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
UPDATED: French Appeal Court Rejects Request for Suspending Capgemini’s Offer for Altran
The Paris Court of Appeals rejected this morning ADAM’s request for suspension of the Capgemini tender offer for Altran’s shares.
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.
UPDATED: Bertrandt Ends its FY19 with a Low Point
Bertrandt had a mixed Q4 FY19 performance with revenues up 2.6% and an EBIT margin of 5.2% (down 330 bps). For the full year, revenues reached EUR 1,060m, up 3,8%, within the guidance range the company had provided (EUR 1,041-1,071m).