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Altran Technologies SA (ALTT.PA)

ALTT.PA on Paris Stock Exchange

8.98EUR
14 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Altran Technologies Identified an Incident within Aricent
Friday, 13 Jul 2018 

July 13 (Reuters) - ALTRAN TECHNOLOGIES SA ::REG-ALTRAN TECHNOLOGIES : ARICENT - DISCOVERY OF AN INCIDENT WITH FINANCIAL IMPLICATIONS PRIOR TO THE CHANGE OF CONTROL.ALTRAN JUST IDENTIFIED AN INCIDENT WITHIN ARICENT, LINKED TO FORGED PURCHASE ORDERS.ALTRAN JUST IDENTIFIED AN INCIDENT WITHIN ARICENT, LINKED TO FORGED PURCHASE ORDERS.FORGERY RELATES TO ONE INDIVIDUAL, IN HIS RELATION TO ONE CLIENT, FOR A TOTAL AMOUNT OF C. $10MILLION.INCIDENT HAPPENED PRIOR TO CLOSING OF ACQUISITION (21 MARCH 2018).ALTRAN DOES NOT EXPECT A MATERIAL IMPACT ON ITS H1 FINANCIAL STATEMENTS.FORGERY PERIOD Q3 2017 TO Q1 2018..DIRECT AND INDIRECT IMPACTS OF THIS EVENT NONETHELESS LEAD ALTRAN TO RE-ASSESS PROFITABILITY PROFILE OF ARICENT TO C.15.6%* ON A LTM JUNE 2018 BASIS.STRATEGIC RATIONALE SUPPORTING ACQUISITION OF ARICENT IS NOT AFFECTED BY INCIDENT..ALTRAN HAS LAUNCHED AN IN DEPTH INVESTIGATION INTO ARICENT INTERNAL CONTROL PROCEDURES TO ENSURE THIS EVENT WAS ISOLATED.  Full Article

Altran Technologies Completes Capital Increase With Preferential Subscription Rights Worth About 750 Million Euros
Friday, 13 Apr 2018 

April 13 (Reuters) - ALTRAN TECHNOLOGIES SA ::SUCCESSFULLY COMPLETES ITS C.€750 MILLION CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION RIGHTS AND FINALISES THE REFINANCING OF THE ACQUISITION OF ARICENT.SHARE CAPITAL INCREASE FOR A GROSS AMOUNT OF APPROXIMATELY EUR 750 MILLION.RIGHTS ISSUE (INCLUDING ISSUE PREMIUM) WILL RESULT IN ISSUANCE OF 81,220,840 NEW SHARES.SUBSCRIPTION RATE OF APPROXIMATELY 157 PERCENT.NET PROCEEDS WILL ENABLE CO TO REFINANCE PORTION OF DEBT RESULTING FROM ACQUISITION OF ARICENT.  Full Article

Altran Collaborates With UBiqube On Network & Security Automation
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - ALTRAN TECHNOLOGIES SA ::COLLABORATES WITH UBIQUBE TO FOSTER INNOVATION FOR NETWORK & SECURITY AUTOMATION.  Full Article

Altran Launches New Step Of Aricent Acquisition Financing
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Altran Technologies Sa ::REG-ALTRAN TECHNOLOGIES : ALTRAN LAUNCHES NEW STEP OF THE ARICENT ACQUISITION FINANCING WITH THE €2,125M EQUIVALENT SENIOR SECURED TERM LOAN B SYNDICATION.PROFORMA FOR DEBT SYNDICATION AND, IF IMPLEMENTED, EQUITY ISSUANCE, ALTRAN NET DEBT WILL AMOUNT TO EUR 1.4 BILLION.‍ALTRAN TARGETS A RAPID DELEVERAGING BELOW 2.5X WITHIN TWO YEARS AFTER CLOSING OF TRANSACTION​.‍TARGETS A RAPID DELEVERAGING BELOW 2.5X WITHIN TWO YEARS AFTER CLOSING OF TRANSACTION​.SENIOR SECURED TERM LOAN B TOGETHER WITH A EUR 250 MILLION BRIDGE FACILITY.FINANCING WILL CONSIST IN A COMBINATION OF EUR AND USD TRANCHES.  Full Article

Altran sells unit dealing with U.S. utilities clients to CriticalPoint Capital
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Altran Technologies Sa ::* Altran announces the closing of the sale of its U.S. Power & Industrial Engineering Services Division to an affiliate of CriticalPoint Capital ("CPC"), a private investment firm headquartered in Manhattan Beach, California.* The division has been treated as a discontinued operation in Altran's financial statements from H1 2017.* Discontinuation of this activity should translate into a negative non recurring result from discontinued operation of around €15 million in the Group's financial statements for the full year of 2017, subject to final review of the auditors, that has no impact on the Group result from continued operations.  Full Article

Altran Convenes an Extraordinary General Meeting Related To The Approval of Capital Increase
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - ALTRAN TECHNOLOGIES SA ::REG-ALTRAN TECHNOLOGIES : ALTRAN CONVENES AN EXTRAORDINARY GENERAL MEETING ON JANUARY 26TH, 2018 TO AUTHORIZE THE €750 MILLION CAPITAL INCREASE RELATED TO THE ACQUISITION OF ARICENT.‍TRANSACTION EXPECTED TO CLOSE IN Q1 OF 2018​.  Full Article

Altran Partners With Airbus To Develop Protospace Network
Monday, 11 Dec 2017 

Dec 11 (Reuters) - ALTRAN TECHNOLOGIES SA ::ALTRAN PARTNERS WITH AIRBUS TO DEVELOP PROTOSPACE.  Full Article

Altamir And Apax Partners Support Acquisition Of Aricent By Altran‍​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - ALTAMIR SCA ::APAX PARTNERS AND ALTAMIR SUPPORT ACQUISITION OF ARICENT BY ALTRAN‍​.APAX PARTNERS AND ALTAMIR RETAIN 8.4 PERCENT OF ALTRAN CAPITAL BY ALTRAFIN PARTICIPATIONS HOLDING‍​.  Full Article

Altran Technologies Acquires Aricent
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Altran Technologies Sa ::ACQUISITION PRICE OF €1.7 BILLION, ALL CASH.ACQUIRES ARICENT.ALTRAN 2020. IGNITION PLAN’S STRATEGIC OBJECTIVES ACHIEVED IN 2018.EPS ACCRETIVE FROM YEAR 1 AND DOUBLE DIGIT ACCRETION SUPPORTED BY EBITDA RUNRATE SYNERGIES IN EXCESS OF €50 MILLION.ACQUISITION EXPECTED TO CLOSE IN Q1 2018.  Full Article

Altran Technologies ‍Q3 revenues increase to 529.4 million euros ​
Friday, 27 Oct 2017 

Oct 27 (Reuters) - ALTRAN TECHNOLOGIES SA ::‍Q3 REVENUES UP +8.1% TO EUR 529.4M, ECONOMIC GROWTH AT +5.6%​.‍CONSOLIDATED REVENUES OF EUR 529.4M IN Q3 OF 2017, UP +8.1% YEAR ON YEAR​.  Full Article

UPDATE 2-Credit Agricole banks forecast-beating rise in Q2 profits

* Shares climb after second quarter results (Adds further detail, background)