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Altran Group Acquires Aricent for $20 billion

Altran Group Acquires Aricent for $20 billion Image Credit: Aricent

French Engineering and R&D services (ER&D) company, Altran has acquired Aricent, a global digital leader in design and engineering services for $2.0 billion in an all-cash transaction.

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. Aricent brings solid  experience in shaping large engineering outsourcing deals and key capabilities in key emerging technologies including Artifical Intelligence, Cognitive Systems, Internet of Things and software frameworks. 

Dominique Cerutti, Chairman & CEO, Altran Groupnit, KT
This transaction acts as a catalyst allowing us to achieve Altran 2020. Ignition strategic goals as early as 2018. Current and future shareholders will benefit from this value-enhancing acquisition, delivering EPS accretion immediately while preserving our robust financial profile.

Frank Kern, CEO, Aricent 
This acquisition is a testament to Aricent's long-standing and deep relationships with our clients and it recognizes the special talents and strength of our more than 10,500 dedicated Aricent employees. 

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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