Altran buys Telecoms R&D services business in China

24 September 2014

Global engineering and consulting firm Altran has recently acquired the Telecoms and R&D services business of Beyondsoft in China. With the addition of the telco business unit, Altran grows its Chinese team to roughly 800 professionals.

Following a number of years of successful co-operation, Altran and Beyondsoft last year (June 2013) set up a joint-venture (JV) in China. The joint entity, known as ‘Altran-Beyondsoft’, delivers R&D services in the field of Connectivity, Electronics, and Software Engineering, mainly to clients in the Telecom and Automotive sectors.

Following another 14 months of collaboration, and growing demand for telecom engineering and advisory services*, Altran has now decided to purchase the Telecom business unit from Beyondsoft, one of Asia's leading full-spectrum IT services and industry solution providers. The acquisition will be completed through a capital increase in the joint venture Altran-Beyondsoft, raising Altran’s stake from 51% to 70%.

Altran buys Beyondsoft

“400 engineers and their management team will join the existing joint venture organisation, which now has almost 550 employees and will continue to deliver services for international clients in China in the field of Intelligent Systems,” writes Altran in a press release. With the addition of the telco business unit, the French based firm’s employee base in the country rises to nearly 800.

Buy-side advisors
During the M&A process Altran was advised by Grant Thornton (Financial Due Diligence) and local law firm Zhong Lun (Legal Counsel and Legal Due Diligence).

* The Chinese Telecommunication & Connectivity market is made of over 1 billion mobile phone subscribers. In addition, China has over one of the world’s largest installed base of smartphones, tablets and connected devices.



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.”