Top 15 Engineering Services Acquisitions Till June 2024

Overview of Top Engineering Services Acquisitions Till June 2024

In the fast-evolving engineering services industry, mergers and acquisitions (M&A) have played a crucial role in shaping the competitive landscape. The strategic acquisitions by leading global players have not only expanded their capabilities but also reinforced their positions in a rapidly digitizing market. Here's a look at the top 15 engineering services acquisitions till June 2024, highlighting the value and impact of each deal.

1. Hitachi Acquires GlobalLogic
   ● Value: $9.6 Billion
   ● Year: 2021
   In one of the biggest acquisitions, Hitachi's purchase of GlobalLogic marked a major step in enhancing its digital engineering services, positioning it as a leader in the next-gen technology landscape.
2. Capgemini Acquires Altran
   ● Value: $4.1 Billion
   ● Year: 2019
   Capgemini’s acquisition of Altran strengthened its engineering and R&D services, broadening its reach across various industries including aerospace, automotive, and telecom.
3. Adecco/Modis Acquires AKKA
   ● Value: $2.4 Billion
   ● Year: 2021
   This acquisition allowed Adecco to significantly boost its expertise in industrial engineering services, further consolidating its position in Europe.
4. DXC Acquires Luxoft
   ● Value: $2 Billion
   ● Year: 2019
   By acquiring Luxoft, DXC gained a strong foothold in digital engineering and transformation services, enhancing its software engineering capabilities.
5. Altran Acquires Aricent
   ● Value: $2 Billion
   ● Year: 2017
   This deal positioned Altran as a leader in product engineering and digital transformation services, focusing on sectors like automotive and telecom.
6. Concentrix Acquires PK Global
   ● Value: $1.6 Billion
   ● Year: 2021
   Concentrix expanded its engineering services portfolio with PK Global’s acquisition, strengthening its presence in automation and digital transformation.
7. Cognizant Acquires Belcan
   ● Value: $1.3 Billion
   ● Year: 2024
   This recent acquisition by Cognizant enhances its global engineering services, particularly in aerospace, automotive, and industrial sectors.
8. Accenture Acquires Umlaut
   ● Value: $1 Billion+
   ● Year: 2021
   Accenture’s acquisition of Umlaut broadened its engineering and R&D services, with a focus on innovation in the industrial and automotive sectors.
9. Harman Acquires Symphony Teleca
   ● Value: $750 Million
   ● Year: 2015
   This acquisition helped Harman extend its expertise in software development, particularly in the areas of automotive and IoT solutions.
10. AF Acquires Poyry
    ● Value: $695 Million
    ● Year: 2019
    With Poyry’s acquisition, AF strengthened its position in energy and industrial engineering services, offering solutions across multiple sectors.
11. Infosys Acquires in-tech
    ● Value: $480 Million
    ● Year: 2024
    Infosys has taken a significant step in bolstering its engineering services offerings with the acquisition of in-tech, an automotive engineering solutions provider.
12. Endava Acquires GalaxE
    ● Value: $405 Million
    ● Year: 2024
    Endava’s acquisition of GalaxE enhances its capabilities in digital engineering, bringing in new technologies and industry expertise.
13. AKKA Acquires Data Respons
    ● Value: $400 Million
    ● Year: 2019
    This strategic acquisition helped AKKA expand its digital engineering capabilities, particularly in AI, autonomous driving, and the Internet of Things (IoT)
14. Tech M Acquires CTC
    ● Value: $350 Million
    ● Year: 2022
    With the acquisition of CTC, Tech Mahindra expanded its capabilities in product engineering and strengthened its offerings in industrial IoT.
15. HCL Acquires ASAP
    ● Value: $279 Million
    ● Year: 2023

The engineering services acquisitions mentioned above reflect the growing trend of consolidation in the industry, with major players integrating new technologies and expanding their capabilities. These strategic moves allow companies to stay competitive and meet the increasing demand for advanced digital engineering services in the evolving market.