ALTEN explained

ALTEN
Traded As:	CAC Mid 60 Component
Foundation:	1988 by Simon Azoulay, Laurent Schwarz and Thierry Woog
Location:	40, avenue André-Morizet 92513 Boulogne-Billancourt, France
Industry:	Information technology Consulting Outsourcing
Revenue:	€4.068 Billion (2023)
Net Income:	€207 Million^[1]
Num Employees:	57,000 (end 2023)^[2]

ALTEN is a French multinational engineering and technology consulting company founded in 1988, it has offices in 30 countries.^[3] ALTEN's stock is listed in compartment B of the Euronext Paris market (ISIN FR0000071946); it is part of the SBF 120, the IT CAC 50 index and MIDCAP 100, and is eligible for the Deferred Settlement Service (SRD).

In 2023, ALTEN had 57,000 employees^[4] and reported a revenue of 4.06 Bn euros.^[5] The French market accounts for 35% of the group's activity.

Company Profile

ALTEN operates as a technology consulting and engineering company worldwide. It provides design and research projects for the technical and information systems divisions in the industrial, telecommunications, and service sectors. It is engaged in the studies and conception of technological products for technical divisions. The company also provides networks and telecoms architecture, as well as develops IT systems for information systems departments.

ALTEN provides services in industries such as telecommunications, computer systems, networking, multimedia, defense, aviation, and information systems.^[6]

History

ALTEN was founded in 1988 by Simon Azoulay,^[7] Laurent Schwarz and Thierry Woog;^[8] three engineers from major schools.

Development of its establishment in France and expansion of its activities between 1988 and 1997, then IPO in 1999^[9] on the second market of the Paris Stock Exchange. The international development started in 2000 represented 20% of turnover in 2003. Expansion towards Asia and the United States in 2012. The Group has since pursued a strategy of targeted business^[10] acquisitions in line with its core business in Europe, particularly in 2016.^[11] Thus, in 2019, the international share represented 56.8% of Group revenue.^[12]

Organization

The ALTEN Group is organized into 5 operating divisions :

• Paris Engineering and Technology Consulting (ETC) Division
• Paris Networks Telecoms & Information Systems (NTIS) Division
• French Regions Division
• International Division
• Solutions Division: specialized and transnational companies among which MI-GSO (PMO and program management), Anotech Energy (oil and gas operations), Atexis (customer support engineering), Avenir Conseil (technical training) and PCU3ED (Global leader in Program and Project Management)

Services

• Engineering and R&D outsourcing
• IT & Network Services
• Consulting, Expertise and Customer Support^[13]

Acquisitions

• in 2011: Calsoft Labs (India and USA),^[14] Bardenheuer (Germany), Enea Consulting (Sweden).
• in 2014: cPrime Inc.(USA)^{[15] [16]}
• in 2015: EclipseIT BV (The Netherlands)
• in 2019: Quick Release (UK)^[17]
• in 2022: Volansys (India and USA)^{[18] [19]}
• in 2022: AP solutions (Korea)
• in 2023: Ayesa Air Control (Spain and Germany)^[20]

Labor disputes in Alten Spain

From July to December 2012, Alten Spain fired more than a hundred employees, claiming a sales decrease.In December 2012 Alten Spain tried to fire 140 of its employees and impose a 10% pay cut on the rest. As a consequence, Alten workers called for strike in January 2013.^{[21] [22] [23]}

Notes and References

1. Web site: ALTEN - Les valeurs à suivre à Paris et en Europe. https://web.archive.org/web/20190220111918/https://fr.reuters.com/article/businessNews/idFRKCN1Q90J9-OFRBS. dead. 2019-02-20. 2019-02-20 . 2019-03-05 . Reuters .
2. Web site: UNIVERSAL REGISTRATION DOCUMENT 2022 . ALTEN .
3. Europe (France, Germany, Belgium, Spain, Finland, Italy, Netherlands, UK, Sweden, Switzerland, Poland and Romania), Morocco, India, China, Russia, Mexico, Brazil, Singapore, Australia, Canada and the United States
4. Web site: ALTEN - 2022 report . 2022-11-02 . 2022-11-08 . ALTEN .
5. Web site: 2022 report . 2022-11-02 . 2022-11-08 . ALTEN .
6. Web site: Alten SA Company information. 2019-03-05. Bloomberg. 2019-03-05.
7. Web site: Informations légales ALTEN. alten.com. 29 April 2020.
8. Azoulay. Simon. Anne-Sophie Bellaiche. Simon Azoulay (Alten), un si discret premier de cordée. 5 October 2018. 30 Sep 2020.
9. Web site: Alten. Dirigeants Entreprise. 12 May 2017.
10. Web site: Présentation des résultats annuels 2015. alten.com. 23 February 2016.
11. Web site: Interview de Simon Azoulay. www.alten.fr. fr-FR. 2017-05-12.
12. Web site: Résultats annuels 2019. Bruno Benoliel. alten.com. 18 February 2020.
13. Web site: Services. Official Website. 27 May 2020.
14. News: Alten Group to raise India headcount. The Hindu. 5 July 2012.
15. Web site: ALTEN Group Announces Strategic Acquisition of cPrime Inc. In USA.
16. Web site: CEO ally advises cPrime in its sale to ALTEN Group.
17. Web site: Alten SA announce acquisition of Quick Release Ltd | Business Leader News. 8 August 2019.
18. Web site: Apr 28, 2022 . ACL Digital Acquires VOLANSYS, a Next-Generation Digital Transformation and Product Realization Company . July 21, 2022 . PR Newswire.
19. Web site: Apr 28, 2022 . VOLANSYS, a Next-Generation Digital Transformation and Product Realization Company is Acquired by ACL Digital . September 2, 2022 . Volansys.
20. Web site: 2023-07-28 . ALTE N announces that it has acquired Ayesa Air Control in Spain and Germany. – SME Bulletin . 2023-07-29 . en-US.
21. Web site: Alten Spain (VAL) January 2013 strike. 2012.
22. Web site: Alten Spain (BCN) January 2013 strike. 2012.
23. Web site: Alten Spain (MAD) January 2013 strike. https://archive.today/20130122160201/http://emplealten.com/2012/12/20/resumen-de-asamblea-y-comunicado-de-huelga/. dead. January 22, 2013.