Technicon Design has been acquired by Segula Technologies
Arrowpoint Advisory's Business Services sector team has advised Technicon Design, a specialist supplier of design recruitment and studio services to the automotive industry, on its sale to France-headquartered global engineering group Segula Technologies.
Technicon Design provides creative design, design modelling, visualisation and specialist staffing to some of the world's leading automotive manufacturers. It employs 400 people worldwide in the US, Germany, the UK, many other European countries and China.
David Shall, Managing Director of Technicon Design said: “Arrowpoint Advisory provided valuable expertise and guidance as they helped guide us to a successful conclusion. Their experience in navigating complicated cross-border transactions ensured that we achieved the optimal outcome for the shareholders.”
This transaction is an important step in the continued expansion of Segula Technologies worldwide, especially following its US acquisitions of automotive engineering and design services provider Griswold in 2016, and subsequently engineering solutions providers Eicher Engineering Solutions Inc. and ATI in 2017.
Laurent Germain, CEO and Chairman of the International Department of Segula Technologies commented: “This acquisition confirms the strengthening of our Style expertise in the automotive industry, where we already benefit from high skills in France. It also illustrates Segula's commitment to pursue its international expansion, notably by extending its geographical footprint to two key countries: the USA and Germany.”
This is the latest Human Capital and Professional Services transaction completed by Arrowpoint Advisory. Other recent transactions include the acquisition of Escenda by Tata Technologies and the sale of Shorterm to Growth Capital Partners.
Jeremy Furniss, Managing Director at Arrowpoint Advisory, said: “We are delighted to have been able to support David and the shareholders in bringing this transaction to a close. We will be following Technicon's exciting future as part of the new group with interest.”