French multinational Altran has seen its consolidated revenues grow by 9% to more than €2,120 million last year. The consulting firm, which saw its growth lifted by the completion of five acquisitions across its network, will in the coming months break through the barrier of 30,0000 employees.
The result reflects the firm’s combined organic and inorganic growth strategy, which is part of its wider 'Altran 2020. Ignition' corporate strategy. Organic growth increased the firm’s revenues by 5.9%, while its acquisitions for the year added almost €82 million in revenues to its footprint.
Bolt-on acquisitions in 2016 include Synapse, a product development and consultancy; Lohika, a software engineering company; Swell, an automotive engineering firm; BENTELER Engineering, an automotive design and engineering company; and Pricol Technologies, an engineering solutions provider.
The French arm of the firm booked growth of 6.7%, due to a strong result in its automotive, aeronautics and life sciences industries. The firm’s America and Asia operations saw growth of 18.6%, with India pulling organic growth of 34.6% and the US at 4.2%, the latter impacted by its ongoing portfolio rationalisation. The UK part of the firm’s wider business saw growth of 9.7%.
The firm’s employee count too has grown steadily, ending the year on more than 29,100 staff, up from almost 26,000 the year previous. Adding in recent acquisitions, the firm’s headcount is set to hit more than 30,000 this financial year.
Dominique Cerutti, Altran Chairman and Chief Executive Officer, states, “The results are a reflection of both our strong achievements across geographies, and of initiatives taken to turn around our German operations, now yielding returns. I am delighted to report outstanding economic growth, outstripping our Altran 2020. Ignition plan. I feel confident that we are well positioned to fully execute our strategic plan.”