Altran announced the completion of its acquisition of Aricent Technologies, creating the undisputed global leader in Engineering and Research & Development Services. The announcement follows receipt of all required approvals and satisfaction of all closing conditions under an agreement announced on November 29, 2017 between Aricent, Altran – through its subsidiary Altran US – and KKR.
“Now better than ever before, we can partner with our clients to create innovative products and services, from initial concept through industrialization. Together, the members of the Altran and Aricent teams offer an unmatched value proposition to address clients’ transformation and innovation challenges,” said Dominique Cerutti, Chairman and CEO of Altran.
“Today marks a new beginning for Aricent. We are excited to officially join Altran and combine the ingenuity and creativity of our unmatched global talent into one company. We look forward to providing our clients with the industry’s most advanced innovations and solutions, enabling them to continue to achieve unparalleled success,” also commented Frank Kern, CEO of Aricent.
Altran aims to set a new global standard for ER&D services. After joining forces Altran and Aricent will deliver an unmatched depth and range of services:
- Global scale and scope: industry leadership with about €3 billion in annual revenues, nearly 45,000 employees in some 30 countries, and outstanding client reach;
- Leadership positions in major industries: Aerospace, Automotive, Semiconductors, Software & Internet, Telecommunications, Electronics & industrial, Life Sciences and Energy;
- Global industrialized delivery model: a unique portfolio of expertise, close to clients in technology and innovation centers worldwide, and in large Global Delivery Centers, 15,000-persons strong, in India, North Africa, Eastern & Southern Europe;
- Superior expertise in critical technological domains: product development, digital transformation, systems & mechanical engineering, software engineering and, thanks to frog, unique design capabilities;
- Altran will unveil a new strategic plan on its Investor Day on June 28, 2018. In the meantime, present Altran and Aricent senior management remain in place as a combined management team maps convergence plans for the two companies.