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ALTRAN TECHNOLOGIES : Altran acquires Lohika, a software engineering services firm

| Press release |
| |
| 20 July 2016 |
| |

Altran acquires Lohika, a software engineering services firm

· The USA becomes the second largest region for the Group

· West Coast-based company offers premium software product development through
superior offshore delivery model

Altran has announced today the acquisition of Lohika, a premier software
engineering firm whose elite engineering teams help accelerate the
development of renowned software and SaaS products from established companies
such as Microsoft, Cisco and HP Enterprise, to fast growing start-ups,
including AudienceScience, BuzzFeed, Twilio and Okta.

Headquartered in Silicon Valley, Lohika is most active in North America with
experienced delivery teams in Ukraine and Romania comprising more than 700
employees, most of them being software engineers.

The operation will grow Altran's revenues in North America by more than 40 %
by the end of 2016. It will also make the USA the second largest region for
the Group on a revenue basis (proforma basis, combined with Cambridge
Consultants and Synapse's business in the United States).

The acquisition of Lohika will help accelerate the execution of Altran's
Strategic Plan,'Altran 2020. Ignition'
in several critical domains:

* The combination of Lohika with Altran will create a superior value
proposition , enabling the Group to reach a leadership position in software
product development on the US West Coast, which is the most important
engineering and R&D market in the world. The acquisition contributes to
expanding Altran's client portfolio viaaccess to current and future leaders
in Silicon Valley's high-tech ecosystem, thus providing a new growth
platform in the region . This is in line with the strategic objective of
achieving €500m in revenue in the US by 2020.
* At a time when software is ever more critical to success in an increasingly
digital world,Lohika brings unique expertise to software product
development , extending the current capabilities of the Group to include
skills and client engagements in mobile, enterprise systems, big data
solutions and cloud computing.
* Lohika will expand and diversify Altran's Industrialized GlobalShore
©delivery capabilities through its global footprint and superior offshore
delivery model for the benefit of all Altran's clients. With the
acquisition of Lohika, Altran's Global Delivery Centers will reach 4,000
engineers, through additional delivery capabilities in Romania and new
centers in Ukraine, a strong technology hub for software engineering.

Commenting on the purchase, Dominique Cerutti, Chairman and CEO of the Altran
Group, stated:"I'm thrilled with this acquisition, which is fully aligned
with our
Altran 2020. Ignitionstrategic plan. After the acquisitions of Tessella, which
has operations in
the USA, and of Synapse a few weeks ago, we take a new step with the
integration of Lohika towards positioning Altran as a leader in software
engineering and R&D in North America, a priority market for us. In addition,
the acquisition of Lohika will enable us to expand and diversify our
Industrialized GlobalShore
©delivery capabilities. These capabilities will be leveraged across all
and geographies and will enhance our value proposition in software
engineering, which is becoming prevalent in the R&D space."

Daniel Dargham, President and CEO of Lohika, added:"In our connected world,
software has evolved from disrupting traditional
businesses to interconnecting all industries. Altran's global leadership in
innovative engineering, multi-industry knowledge and advanced software
capabilities, coupled with Lohika's diverse software engineering expertise,
will place us at the forefront of the digital transformation of the
enterprise. We will be able to extend our services beyond our current client
base in Silicon Valley, to the entire Altran portfolio."

Founded in 2001, Lohika is privately held and funded by venture investors
including Altos Ventures, Draper Richards, and several private investors. The
acquisition is expected to be completed in 2016 and is subject to customary
closing conditions.

Legal and Financial Information:

Altran advisors:
- Legal: Latham&Watkins
- Financial, Tax and Legal Due Diligence: EY

Lohika advisors:
- Sell-side advisor: Avendus Capital
- Legal: Fenwick&West

About Altran

As a global leader in Engineering and R&D services (ER&D), Altran offers its
clients a new way to innovate by developing the products and services of
tomorrow. Altran works alongside its clients on every link in the value chain
of their project, from conception to industrialization. For over thirty
years, the Group has provided its expertise to key players in the Aerospace,
Automotive, Defence, Energy, Finance, Life Sciences, Railway, and Telecoms
sectors, among others. In 2015, the Altran group generated revenues of
€1.945bn. With a headcount of more than 26,000 employees, Altran has a
presence in more than 20 countries.

Read all our news on the Altran hub press


Altran Group

Olivier Aldrin

Executive Vice-President and CFO
Tel: + 33 (0)1 46 41 71 89

Marine Boulot

Group Vice-President Communications
Tel: + 33 (0)1 46 41 71 73

Press relations


Candice Baudet Depierre, directeur conseil
Tel : +33 (0)1 44 50 51 71

Anne Vernois, directeur associé
Tel : + 33 (0)1 44 50 51 75

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PR Altran Acquisition of Lohika


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ALTRAN TECHNOLOGIES via Globenewswire


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