PARIS Dec 21 French engineering consultancy
Altran said it could make another acquisition in 2013
as it unveiled the purchase of German car engineering specialist
IndustrieHansa on Friday.
Altran, which said the takeover of the Munich-based company
would make Germany its second market after France, said it could
sign another deal next year as discussions continue with three
"We still have discussions with three targets, one in the
UK, one in our PLM (Product Lifecycle Management) solutions and
one in India," Altran Chief Executive Philippe Salle told a
"We will see if we can perhaps strike another one in the
course of 2013."
Founded 35 years ago, IndustrieHansa, which employs 1,800
people, specialises in the car, aeronautics and energy sectors
and has contracts with Audi, BMW and Daimler
Its 2012 sales are expected to reach 155 million euros ($205
million) while it has an EBIT margin of around 10 percent, Salle
"This acquisition seems relevant to us as it allows Altran
to become the fifth outsourced R&D player in Germany - versus
11th before - and this country is essential given the weight of
its industry," Gilbert Dupont analysts wrote in a note.
Shares in Altran were up 3.2 percent at 1115 GMT, the
biggest riser on France's broad SBF120 index. They
have doubled this year, giving the company a market value of 823
The IndustrieHansa deal, which will be financed by a credit
line of 150 million euros for acquisitions, will boost Altran's
earnings per share as of the first year, it said.
In June, Philippe Salle told Reuters Altran was looking for
acquisitions outside southern Europe to help boost sales to more
than 2 billion euros in 2015, compared with 1.4 billion in 2011,
as part of a strategic plan.
($1 = 0.7555 euros)
(Reporting by Alice Cannet)