Top 15 Engineering Services Acquisitions Till Mar 2024.
Top 15 Engineering Services Acquisitions: Key Deals Shaping the Industry
The engineering services landscape has seen a significant transformation in recent years, driven by strategic acquisitions. These moves have not only reshaped the market but also accelerated digital transformation and innovation in various industries. In this blog, we will look at the Top 15 Engineering Services Acquisitions up until March 2024. These acquisitions have created new synergies and expanded the capabilities of leading players in the industry, from software development to infrastructure management.
Top 15 Engineering Services Acquisitions
Hitachi Acquires GlobalLogic ($9.6B - 2021)
Hitachi's acquisition of GlobalLogic for $9.6 billion in 2021 was a game-changer in the digital engineering and IT services space. This acquisition strengthened Hitachi’s ability to deliver end-to-end digital transformation services.
Capgemini Acquires Altran ($4.1B - 2019)
Capgemini’s acquisition of Altran in 2019 for $4.1 billion marked a strategic move to enhance its capabilities in engineering and R&D services. The acquisition enabled Capgemini to offer comprehensive services in sectors like aerospace, automotive, and telecom.
Adecco/Modis Acquires AKKA ($2.4B - 2021)
The Adecco Group’s acquisition of AKKA in 2021 for $2.4 billion expanded Modis' engineering services offerings. This acquisition bolstered the group’s position in the automotive and aerospace sectors.
DXC Technology Acquires Luxoft ($2B - 2019)
In 2019, DXC Technology acquired Luxoft for $2 billion, bringing together a wealth of expertise in digital engineering, software development, and IT consulting, with a focus on industry verticals such as financial services and automotive.
Altran Acquires Aricent ($2B - 2017)
Altran’s acquisition of Aricent in 2017 for $2 billion was pivotal in strengthening its presence in the telecommunications and industrial sectors. This deal allowed Altran to offer more advanced engineering services and solutions.
Concentrix Acquires PK Global ($1.6B - 2021)
Concentrix, a global leader in customer experience services, acquired PK Global for $1.6 billion in 2021. The acquisition allowed Concentrix to expand its engineering services portfolio with a focus on software engineering and digital transformation.
Accenture Acquires umlaut ($1B+ - 2021)
Accenture’s acquisition of umlaut in 2021 for over $1 billion marked its entry into the world of digital engineering and tech innovation. The deal bolstered Accenture’s industrial and engineering capabilities, especially in areas like product development and IoT.
Harman Acquires Symphony Teleca ($750M - 2015)
In 2015, Harman acquired Symphony Teleca for $750 million, enhancing its connected services portfolio. This acquisition focused on software development and engineering services for the automotive and consumer electronics industries.
AF Acquires Poyry ($695M - 2019)
AF’s acquisition of Poyry for $695 million in 2019 strengthened its consulting and engineering services in energy, industry, and infrastructure sectors. The deal added significant value to AF’s position in global markets.
Endava Acquires GalaxE ($405M - 2024)
Endava’s acquisition of GalaxE for $405 million in 2024 was a strategic move to bolster its presence in the U.S. and improve its technology services, particularly for clients in financial services, healthcare, and insurance sectors.
AKKA Acquires Data Respons ($400M - 2019)
In 2019, AKKA acquired Data Respons for $400 million, strengthening its expertise in the digital transformation of the automotive and telecom industries. The deal enhanced AKKA's engineering capabilities, especially in automation and AI.
Tech Mahindra Acquires CTC ($350M - 2022)
Tech Mahindra’s acquisition of CTC for $350 million in 2022 expanded its service offerings in digital transformation and engineering services. The deal helped strengthen Tech Mahindra's capabilities in sectors like manufacturing, automotive, and telecom.
HCL Acquires ASAP ($279M - 2023)
In 2023, HCL Technologies acquired ASAP for $279 million, furthering its strategic growth in digital engineering services. This acquisition expanded HCL's offerings in embedded solutions and product development.
Infostretch Acquires Apexon ($235M - 2022)
In 2022, Infostretch acquired Apexon for $235 million, creating a more robust digital engineering services firm. This acquisition was designed to enhance Infostretch's capabilities in cloud, data analytics, and IoT services.
HCL Acquires Geometric ($188M - 2016)
HCL’s acquisition of Geometric for $188 million in 2016 significantly expanded its engineering services capabilities, particularly in product lifecycle management and CAD solutions.
Conclusion
These engineering services acquisitions highlight the evolving nature of the industry. As companies continue to diversify their portfolios, acquisitions play a key role in building synergies and driving innovation. The top 15 deals we’ve covered today have created stronger players in the global market, positioning them to thrive in the ever-changing technological landscape.