Altran acquires Aricent
Altran, a global leader in Engineering and R&D services (ER&D), has entered, through its subsidiary Altran US, into a definitive agreement to acquire Aricent, a global digital leader in design and engineering services. The transaction has been unanimously approved by Altran’s Board of Directors and is expected to close in Q1 2018, subject to receipt of antitrust approvals and satisfaction of Directors and is expected to close in Q1 2018, subject to receipt of antitrust approvals and satisfaction of customary closing conditions. Following the transaction, the combined entity will become the undisputed global leader in ER&D services, a market expected to be worth €220 billion by 2020.
Aricent is a global digital leader in integrated design and engineering services, primarily serving clients of the Communications and Technology, Semiconductor and Software industries. Headquartered in Santa Clara (California), Aricent brings design and engineering capabilities to help its clients get to market faster, transform legacy products to digital, and create new revenue opportunities. Among the company’s assets is the iconic brand frog, which has with world-class design and client experience capabilities, outstanding knowledge and intellectual property for the Telecom, Software and Semiconductors industries. Aricent also has solid experience in shaping large engineering outsourcing deals and key capabilities in key emerging technologies including Artificial Intelligence, Cognitive Systems, Internet of Things and Software frameworks. Over the LTM June 2017, Aricent generated revenues of $687m with ca. 10,500 employees and operated through 24 engineering centers and design studios, serving ca. 360 clients globally.
You can read the full press release here.