Yahoo Finance ALTRAN TECHNOLOGIES : Altran acquires NEXT Ingegneria dei Sistemi, an Italy-based embedded software engineering company
Press release |
28.07.2017 |
Altran acquires NEXT Ingegneria dei Sistemi, an Italy-based embedded software engineering company
NEXT complements the capabilities of Altran in embedded software, a rapidly growing segment
The transaction reinforces Altran`s leadership in Italy, a key market for the Group
The combination of Altran and NEXT will enable the delivery of end-to-end embedded hardware and software solutions to clients in the Defense & Aerospace sector
Altran has today announced the acquisition of NEXT Ingegneria dei Sistemi, an Italy-based embedded software company which provides its customers with advanced software products and services. The company primarily serves the Defense, Aerospace and Rail industries. Its client portfolio includes notably key industry players such as Leonardo, Telespazio, Thales Alenia Space or Bombardier Transportation.
The acquisition of NEXT reinforces Altran`s hardware-focused positioning in the embedded domain with deep software expertise such as Ground Segment Software development and IP-based products in software security & safety. Founded in 1999 and headquartered in Rome with operations across Italy, NEXT has a total workforce of circa 230 employees.
Commenting on this acquisition, Dominique Cerutti, Chairman & CEO of the Altran Group stated: "I am delighted to announce the acquisition of NEXT. The combined technical and well recognized capability of Altran and NEXT will boost growth in Italy when channeled by our sales engine. With the acquisition of NEXT, we not only reinforce our leadership in the country, but also create a unique embedded offer in and beyond the Defense & Aerospace sector."
Mr. Chiarini, Co-founder, President and CEO of NEXT, added: "I am proud that our organization is joining Altran, the leader in engineering and innovation services in Italy. We have known Altran for a long time and, throughout these years, we have nurtured mutual admiration and respect, which form the basis of our collaboration going forward."
NEXT is currently held by the three co-founders and their families. The acquisition is subject to customary closing conditions.
Legal and Financial Information:
Altran advisors:
- Legal and Legal Due Diligence: K&L Gates
- Financial, Tax and Human Resources Due Diligence: PwC
About Altran
As a global leader in Engineering and R&D services (ER&D), Altran offers its clients a new way to innovate by developing the products and services of tomorrow. Altran works alongside its clients on every link in the value chain of their project, from conception to industrialization. For over thirty years, the Group has provided its expertise to key players in the Aerospace, Automotive, Defence, Energy, Finance, Life Sciences, Railway, and Telecom sectors, among others. In 2016, the Altran group generated revenues of €2.120bn. With a headcount of more than 30,000 employees, Altran is present in more than 20 countries.
www.altran.com
About NEXT Ingegneria dei Sistemi
Founded in 1999 and based in Rome, NEXT is an engineering and innovation services company specialized in software for Defense and Aerospace sectors. NEXT operates on the market supplying turnkey products and services, and planning software package through the most advanced platforms.
Contacts
Altran Group
Albin Jacquemont
Executive Vice-President and CFO
Tel: + 33 (0)1 46 41 71 89
albin.jacquemont@altran.com
Stéphanie Bia
Group Vice-President Investor Relations
Tel: + 33 (0)1 46 41 72 01
stephanie.bia@altran.com
Marine Boulot
Group Vice-President Communications
Tel: + 33 (0)1 46 41 71 73
marine.boulot@altran.com
Press relations
Shan
Candice Baudet Depierre, directeur conseil
Tel: +33 (0)1 44 50 51 71
candice.baudetdepierre@shan.fr
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DISCLAIMER
This press release contains forward-looking statements (as defined in the United States Private Securities Litigation Reform Act, as amended) based upon current management expectations. Numerous risks, uncertainties and other factors (including, risks relating to: government legislation affecting our businesses; competition; our ability to manage rapid technological change in the industries in which we compete; litigation risks, labour issues; unanticipated costs from disposals or restructuring) may cause actual results to differ materially from those anticipated, projected or implied in or by the forward-looking statements. Many of the factors that will determine our future results are beyond our ability to control or predict. These forward-looking statements are subject to risks and uncertainties and, therefore, actual results may differ materially from our forward-looking statements. You should not place undue reliance on forward-looking statements which reflect our views only as of the date of this presentation. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
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Source: ALTRAN TECHNOLOGIES via GlobeNewswire
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