AKKA Technologies acquires Gigatronik, German specialist in the Internet of Things, Digital Technology and Infotainment, and places itself at the heart of the convergence between the Internet and Technologies.
The acquisition gives AKKA Technologies a new dimension in Germany, where it will now generate €500 million in revenue (German GAAP), consolidating its position as a leading multi-segment engineering consulting firm.
GIGATRONIK employs 1,000 people across 14 sites in Germany, Austria and Switzerland and reported total revenue of €119 million in 2016.
GIGATRONIK has carved out a position in the key technologies for the industry and services of the future, and above all the Internet of Things.
With the acquisition of GIGATRONIK, the Group has given itself the means to accelerate its development by consolidating its expertise in digital technologies and its Franco-German base to deploy and integrate its innovative solutions and services on a global scale.
For more information, you can read the press release here.