The Paris-based technology company Altran said it would buy design and engineering services firm Aricent from a group of investors led by KKR for $2 billion.
The US-headquartered Aricent has over 10,500 employees, a majority of whom operate at centres located in India, who cater to the needs of the firm’s global clients. The firm competes with Indian IT service providers such as Wipro, HCL Technologies, Tata Consultancy Services and Tech Mahindra to sevice clients globally.
Altran has made several acquisitions in the recent past, including the Bengaluru-based product engineering company GlobalEdge Software, the Pune-based Pricol technologies and the Bengaluru-based