Acquisition expands geographic footprint and consumer technology development capability
Cambridge Consultants, the innovative product development firm and part of the Altran group, has announced that it has entered a definitive agreement to acquire Synapse, a US West Coast business, to further increase its geographic presence for its growing global client base. The acquisition will allow for the combined firms to create one of the world’s largest and most capable innovative product development companies with significant presence on both coasts of the US. This acquisition, combined with Cambridge Consultants, will grow the Innovative Product Development activity revenues of Altran by 50 % by the end of 2016 (on a proforma basis), and fits within Altran’s ‘2020. Ignition’ strategic plan under which Cambridge Consultants is doubling its scale and enhancing its geographic reach in the US and Asia.