Top 15 Engineering Services Acquisitions Till September 2024

Overview of Major Engineering Services Acquisitions Till September 2024

The engineering services industry has seen significant mergers and acquisitions over the years, as companies seek to strengthen their capabilities, expand into new markets, and enhance innovation. In this post, we will look at the top 15 acquisitions in the engineering services space up until September 2024. These deals reflect strategic moves that have shaped the future of the industry.

1. Hitachi Acquires GlobalLogic In 2021, Hitachi made a significant move by acquiring GlobalLogic for $9.6 billion. This acquisition strengthened Hitachi’s digital transformation and IT capabilities, boosting its presence in the software services and engineering sectors.
2. Capgemini Acquires Altran Capgemini's $4.1 billion acquisition of Altran in 2019 enhanced its engineering and R&D services. This deal allowed Capgemini to offer comprehensive services to clients across multiple industries, especially in high-tech and automotive sectors.
3. Adecco/Modis Acquires AKKA In 2021, Adecco’s Modis acquired AKKA for $2.4 billion, adding a strong engineering services and digital solutions portfolio to its global reach.
4. DXC Technology Acquires Luxoft DXC’s $2 billion acquisition of Luxoft in 2019 helped expand its capabilities in digital transformation and technology consulting, strengthening its position in the automotive and financial services industries.
5. Altran Acquires Aricent Altran’s acquisition of Aricent for $2 billion in 2017 solidified its engineering services offering, particularly in telecom, automotive, and software services.
6. Concentrix Acquires PK Global Concentrix expanded its engineering service footprint in 2021 with the $1.6 billion acquisition of PK Global. This acquisition added capabilities in digital engineering and next-gen technologies.
7. Cognizant Acquires Belcan In 2024, Cognizant acquired Belcan for $1.3 billion, marking a significant step toward expanding its engineering services and capabilities in aerospace, defense, and industrial sectors.
8. Accenture Acquires umlaut Accenture's $1 billion+ acquisition of umlaut in 2021 enhanced its digital and engineering capabilities across sectors like automotive, telecommunications, and energy.
9. Harman Acquires Symphony Teleca Harman's $750 million acquisition of Symphony Teleca in 2015 bolstered its product engineering expertise, especially in the automotive and IoT markets.
10. AF Acquires Poyry In 2019, AF acquired Poyry for $695 million, strengthening its position in the engineering and consulting space, particularly in energy, infrastructure, and natural resources.
11. EPAM Acquires Neoris In 2024, EPAM Systems acquired Neoris for $630 million. This acquisition enhanced EPAM’s capabilities in digital transformation and consulting, particularly in Latin America.
12. Infosys Acquires in-tech Infosys expanded its capabilities in automotive engineering and digital solutions with the $480 million acquisition of in-tech in 2024.
13. Endava Acquires GalaxE Endava’s $405 million acquisition of GalaxE in 2024 was a strategic move to enhance its delivery capabilities, particularly in the financial services and healthcare sectors.
14. AKKA Acquires Data Respons AKKA's 2019 acquisition of Data Respons for $400 million strengthened its digital engineering and embedded solutions offering across automotive, telecom, and aerospace sectors.
15. Tech Mahindra Acquires CTC Tech Mahindra’s acquisition of CTC in 2022 for $350 million expanded its engineering services, particularly in telecom and automotive sectors.