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- Akka Technologies
Akka Technologies Acquisition, Valuation, Funding & Investors
Akka Technologies was acquired by Adecco Group for $2.4B in July 2021, a 1.4x multiple on $1.7B of revenue.
Akka Technologies revenue at acquisition
$1.7B
Last twelve months · Jul 2021
Akka Technologies revenue multiple at acquisition
1.4x
EV/Revenue · Jul 2021
Akka Technologies EBITDA multiple at acquisition
7.7x
EV/EBITDA · Jul 2021
About Akka Technologies
Akka Technologies is a Brussels-headquartered engineering consultancy with 20,000 employees across 30 countries. The firm delivers systems engineering, mechanical design, process optimization, support engineering, digital simulation, embedded software, electronics, and IT consulting to automotive, aerospace, railway, and life sciences clients including Airbus and Stellantis.
Founded
1984
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Revenue
$1.7B (Jul 2021)
Valuation
$2.4B (acquired Jul 2021)
Akka Technologies Acquisition
Akka Technologies was acquired by Adecco Group for $2.4B on 28 July 2021.
The acquisition price implies a 1.4x revenue and 7.7x EBITDA multiple on $1.7B of revenue.
Before the acquisition Akka Technologies had raised $236M across 1 funding round.
The Adecco Group completed the acquisition of a majority stake in AKKA Technologies, a leader in engineering R&D services, from the Ricci Family Group and SWILUX S.A. in February 2022, bringing its total holding to 64.72% after additional market purchases. The transaction valued AKKA at €2.0 billion enterprise value with an offer price of €49 per share, reflecting a 99% premium to the July 26, 2021 share price. As part of the deal, Mauro Ricci and Jean-Franck Ricci received Adecco Group shares with a 24-month lock-up. AKKA Technologies was combined with Modis, Adecco Group's high-tech services business, to form a leading engineering and digital solutions provider in the Smart Industry market, generating around €4 billion in revenues with 50,000 engineers. The Adecco Group planned a mandatory tender offer for remaining shares, expected by H1 2022 end. The acquisition accelerated Adecco's Future@Work strategy toward technology-led services, with expected revenue synergies over €200 million and cost synergies of €65 million run-rate, margin and EPS accretive in year one.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 28 Jul 2021 | Strategic M&A | $2.4B | 1.4x | 7.7x |
Akka Technologies Funding History
Akka Technologies has raised a total of $236M across 1 funding round.
Akka Technologies funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2020 | Undisclosed stage | Compagnie Nationale a Portefeuille (lead); Ricci family group (lead) | $236M | Akka Technologies raised EUR 200 million through a reserved capital increase in October 2020, priced at EUR 22.50 per share. Compagnie Nationale a Portefeuille took EUR 150 million of it and the founding Ricci family group the remaining EUR 50 million. The issue left CNP with 6,666,667 shares, 21.4% of the capital and 17.0% of the voting rights, while the Ricci group held 38.9% of capital and 51.3% of votes. Akka was sold to Adecco the following year. |
Who has invested in Akka Technologies?
2 investors have backed Akka Technologies across its funding rounds, including Compagnie Nationale a Portefeuille and Ricci family group.
Lead investors include Compagnie Nationale a Portefeuille and Ricci family group.
Akka Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions by Akka Technologies
Akka Technologies has acquired 10 companies to date.
Last acquisition by Akka Technologies was on March 16th 2020. Akka Technologies acquired Data Respons for $348M.
Latest Acquisitions by Akka Technologies
| Description | Data Respons is an independent technology company specializing in embedded solutions and IoT for medtech, defense, and industrial markets. It delivers R&D services, product design, and manufacturing for devices like patient monitors and rugged controllers. Oslo-headquartered with facilities in Norway and Czech Republic, the firm serves global leaders such as Kongsberg and Medtronic, employing 250 engineers. | Premium Audience Network is a digital marketing services provider connected to the La Agora Evolution platform. The company delivers targeted advertising campaigns leveraging premium audience data for brands seeking high-engagement placements. Operating primarily in Europe with a focus on French markets, it supports clients through advanced programmatic solutions and audience segmentation tools. Its services encompass display advertising, video campaigns, and retargeting strategies tailored for e-commerce and consumer goods sectors. | Operantis is a French company that creates multimedia training tools and products for large industrial corporations. It develops interactive simulations and e-learning modules for sectors like manufacturing and energy. Operantis customizes solutions to improve workforce skills and operational safety. Headquartered in France, the firm partners with global enterprises on immersive training technologies. | GIGATRONIK Holding is an Austrian firm developing IT and embedded systems solutions for industrial automation and IoT applications. Based in Vienna, it designs custom software, hardware modules, and test systems for automotive, medical, and aerospace sectors. The company delivers turnkey platforms integrating sensors, controllers, and cloud connectivity, with expertise in real-time operating systems and cybersecurity protocols. GIGATRONIK serves European manufacturers from its headquarters in Marchtrenk. | |
| HQ Country | |||||
| HQ City | Oslo | Madrid | Bordeaux | Stuttgart | |
| Deal Date | 16 Mar 2020 | 10 Apr 2019 | 16 Jan 2019 | 3 Mar 2017 | |
| Valuation | $348M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Akka Technologies acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Akka Technologies Competitors
Akka Technologies competitors include listed companies like Alten, Everforth, ePlus and Tieto, and private ones like MegazoneCloud and Douxun Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.7B | $344M | $2.8B | 0.5x | ||
| Private | - | - | $1.8B | - | ||
| Publicly listed | $4B | $344M | $1.4B | 0.7x | ||
| Private | - | - | $415M | - | ||
| Publicly listed | $2.4B | $201M | $2.4B | 0.8x | ||
| Publicly listed | $2.1B | $186M | $2.4B | 1.4x |
Akka Technologies Public Comps
Akka Technologies is no longer listed, but its public comps include ePlus, Tieto, SoftwareOne, Al Moammar Information, Posco DX, Rakus Co, Huron Consulting Group, Tata Elxsi, Netcompany and Beijing Teamsun Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.4B | $201M | 0.8x | 0.8x | 10.3x | 10.0x | |||
| $2.1B | $186M | 1.3x | 1.4x | 15.2x | 7.9x | |||
| $1.5B | $191M | 2.0x | 1.6x | 15.9x | 7.2x | |||
| $339M | $48M | 8.0x | 6.8x | 56.8x | 93.8x | |||
| $783M | $56M | 2.8x | 3.0x | 38.8x | 48.8x | |||
| $388M | $130M | 6.1x | 6.1x | 18.1x | 18.0x | |||
| $1.7B | $202M | 2.0x | 1.8x | 16.5x | 12.6x | |||
| $392M | $83M | 5.2x | 4.9x | 24.6x | 21.8x | |||
This data is available for Pro users. Sign up to see all Akka Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Akka Technologies
| When was Akka Technologies founded? | Akka Technologies was founded in 1984. |
| Where is Akka Technologies headquartered? | Akka Technologies is headquartered in Paris, France. |
| Is Akka Technologies publicly listed? | No, Akka Technologies was acquired by Adecco Group in July 2021. |
| Who acquired Akka Technologies? | Akka Technologies was acquired by Adecco Group in July 2021. |
| How much was Akka Technologies acquired for? | Akka Technologies was acquired for $2.4B in July 2021, a 1.4x revenue multiple. |
| How much funding has Akka Technologies raised? | Akka Technologies has raised $236M across 1 funding round. |
| What was Akka Technologies' last funding round? | Akka Technologies' last funding round was a $236M undisclosed-stage round in October 2020, led by Compagnie Nationale a Portefeuille and Ricci family group. |
| Who are Akka Technologies' investors? | Akka Technologies' investors include Compagnie Nationale a Portefeuille and Ricci family group. |
| Which companies are comparable to Akka Technologies? | Companies comparable to Akka Technologies include Alten, MegazoneCloud, Everforth, Douxun Technology, ePlus and Tieto. |
| How many companies has Akka Technologies acquired? | Akka Technologies has acquired 10 companies, including Data Respons, Premium Audience Network, Operantis, GIGATRONIK Holding and Ctp Tecnologie Di Processo SpA. |
| What was the largest acquisition by Akka Technologies? | The $348M acquisition of Data Respons in March 2020 is the largest acquisition Akka Technologies has made to date. |
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