Alten SA have completed the acquisition of Quick Release (Automotive) Ltd, a provider of product data management (PDM) services and consultancy to automotive manufacturers and Tier 1 component suppliers.
The resultant strategic partnership will accelerate existing plans to diversify PDM offerings into additional market sectors and geographies.
Robert Ferrone, Quick Release founding director commented: “Quick Release and ALTEN are a great fit for each other. The plan is to deploy our offer in new geographies, while reinforcing our existing presence in the UK, Germany, Spain, North America and Australia. Particularly strong synergies exist around aerospace and defence, and I’m excited to see how Quick Release’s proven methodologies can help unlock value in these industries and support their digital transformation.”
Pierre Bonhomme, executive vice president ALTEN Technology France, UK and Northern Germany, commented: “Quick Release provide a proven and valuable service in a highly professional manner to some of the world’s leading vehicle manufacturers and Tier 1 suppliers.
“All our engineering customers have stakes in improving time to market and competitiveness through PDM and PLM, and we believe Quick Release can provide similar value releasing opportunities in a broader manufacturing context. Quick Release further provides a bridge to significantly expand our presence in the UK and further build upon our Spanish, German and North American operations.”