French SEGULA Technologies acquires UK Technicon Design

SEGULA Technologies, the worldwide engineering group, has announced the acquisition of Technicon Design, a specialist supplier of design recruitment and studio services in the automotive industry worldwide, covering the areas of creative design, design modelling, visualisation and specialist recruitment.
“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”, said Laurent Germain, CEO and Chairman of the International Department of Segula Technologies.
Technicon employs 400 people worldwide, mainly in the United States, Germany, Sweden, France, the United Kingdom, Spain, the Netherlands and China. All of these employees join the Segula Technologies group.
This transaction is an important step in the expansion of Segula Technologies in Germany and in the United States, where the Group has already acquired Griswold (automotive engineering) in 2016, as well as Eicher Engineering Solutions Inc (engineering solutions and design & analysis for the automotive industry) and ATI (multi-sector engineering solutions) in 2017.
The amount of the transaction is not disclosed.
Segula Technologies is an engineering group with a global presence, helping boost competitiveness within all of the major industrial sectors: automotive, aerospace, energy, rail, naval, pharmaceutical and oil & gas. Present in 26 countries and with 100 offices worldwide, the Group fosters a close relationship with its customers thanks to the expertise of its 10,000 employees. A leading engineering specialist placing innovation at the heart of its strategy, Segula Technologies conducts large-scale projects, ranging from studies to industrialization and production.