|Bid||54.50 x 13000|
|Ask||55.20 x 10000|
|Day's range||75.85 - 77.20|
|52-week range||66.20 - 84.50|
|PE ratio (TTM)||20.92|
|Forward dividend & yield||1.00 (1.29%)|
|1y target est||88.24|
French technology consultancy company Altran Technologies is to buy U.S. design and engineering services firm Aricent from a group of investors led by KKR for a total enterprise value of 1.7 billion euros ($2.0 billion). The acquisition of the California-based company is the largest of a series of deals done by Altran (Paris: FR0000034639 - news) and will create a group with revenue of almost 3 billion euros, Altran said on Thursday.
Alten (LSE: 0O1S.L - news) said financial services and oil and gas clients in Britain held back on new spending in the first half, as a fall in margins at the French technology and engineering consultancy sent its stock nearly 7 percent lower. Britain's financial sector, the biggest in the European Union, has been left guessing by the country's vote to leave the bloc, while the oil and gas industry has been hit by oil prices, which are more than 50 percent down from their 2014 highs. "Some of them [UK clients] amongst the banking sector have decided to delay or to freeze some investments," Alten's Chief (Taiwan OTC: 3345.TWO - news) Financial Officer Bruno Benoliel told Reuters on Wednesday, adding it had not seen banks investing more in other countries.