Headquartered in France, ALTEN Group is a €2 billion world leader in innovation and design, consulting, enterprise IT, and product engineering services, with a presence in 20 countries. Syncroness is a leader in engineering services and product development, providing services such as engineering design, advanced research and development and technology consulting. Syncroness has a strong portfolio of clients in the aerospace, medical device, industrial and consumer markets. TH Global Capital advised ALTEN Group on the transaction.
The acquisition allows ALTEN Group to grow its US-based operations and expand into a more comprehensive product offering in North America and beyond. By providing a full complement of engineering services aligned to the entire product lifecycle, Syncroness enables companies to accelerate product development and drive more predictability and productivity into their businesses. Working with Syncroness, companies gain the critical insights necessary to develop products that make a difference.
“We are excited to welcome an innovative company with strong design and development expertise to the ALTEN family,” said Gerald Attia, Deputy CEO of ALTEN Group. “The combination of our strengths in the latest technologies, agile processes and engineering solutions will help us deliver far greater value to our clients.”
“This acquisition gives us the ability to deliver full engineering development solutions with a company whose values and culture align perfectly with Syncroness,” said Mike Walraven, CEO of Syncroness.
“Many of our clients are looking for technically advanced product development and engineering solutions. With Syncroness’ technical acumen and processes, we can now offer the best people, process, and technology capabilities to our clients worldwide,” said Mark Henault, CTO of Syncroness.