Altran buys Pricol Technologies, adds 520 tech engineering specialists

16 February 2017

Altran has acquired India-based specialist engineering firm Pricol Technologies. The acquisition boosts the firm's capability in the rapid prototyping space, adds around 520 staff to the firm as well as a number of proprietary technologies and processes. The value of the deal has not been disclosed.

Pricol Technologies is the engineering division of parent company Pricol Group, a $350 million business based in India. The company, founded in 2006, provides clients across the globe with engineering solutions that enable them to conceptualise, design and manufacture products. Pricol Technologies, which is headquartered in Coimbatore, has sales offices in the US, UK and Japan and leverages design centres in Coimbatore and Pune (both in India) for its solution development.

Altran buys Pricol Technologies

The acquisition boosts Altran’s global growth ambitions as part of its wider 'Altran 2020. Ignition' strategic plan. The acquisition, which joins a recent series of acquisitions, generates around 60% of its revenues from US-based blue-chip clients, further boosting Altran’s presence in North America. In addition, the firm’s “Innovative and proprietary ‘co-engineer offshore model” becomes part of Altran’s wider capabilities, allowing the firm to further expand its 4,500-person strong Industrialised Global Shore delivery capabilities.

Commenting on the purchase, Dominique Cerutti, Chairman and CEO of the Altran Group, states, “With Pricol Technologies, we not only add a recognised and integrated delivery capability in India, we also complete our geographical footprint in the Mid-west of the US, after the acquisitions of Synapse and Lohika a few months ago, which established a significant presence for Altran on the West Coast. These two factors will allow us to accelerate our development with our global clients in the region, in particular in the automotive sector.”

Bobby John, CEO of Pricol Technologies, adds, “Over the last few years, we have managed to achieve a critical scale and maturity in terms of employee base, processes and service portfolio, and now, we are ready to accelerate growth and work on larger deals. We will be able to extend our services beyond our current client base to a new portfolio that Altran can provide us access to. We are tremendously excited at being part of the largest engineering and R&D service provider in the world.”

Altran has global revenues of €2.1 billion, its headcount is nearing the milestone of 30,000.


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SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”