PLM usage and demand boosts results

February 15, 2018

The use of Product Lifecycle Management is enjoying explosive growth, and with it there is an increased demand for PLM consulting. This has helped TechniaTranscat’s parent group, Addnode, post record earnings in 2017.

“The need for qualified and experienced consultants has become more important than ever,” says TechniaTranscat CEO Jonas Gejer in an interview with American on-line magazine and repository of all things engineering (engineering.com).  

 

In total, Addnode’s annual revenues grew by 15 percent to 2.5 billion kronor during 2017, with EBITA at 212 million kronor. TechniaTranscat’s growing PLM services played a key part in delivering the strong result, partially as a consequence of TechniaTranscat’s acquisition in 2017 of UK-based PLM and engineering services specialist, Intrinsys. Addnode PLM division comprised of two brands TechniaTranscat and Intrinsys delivered revenue growth of 28% vs 2016. 

“The outcome of that purchase has been entirely positive and contributed to our overall performance, especially in the fourth quarter,” says Addnode Group CEO Johan Andersson. 

In the fourth quarter, net revenues were up by 18 percent and EBITA was at a record 101 million.  “That is the best result we’ve ever had for a single quarter, with profits per share increased by 46 percent compared to the same quarter in the previous year,” says Andersson. 

TechniaTranscat is thriving in an era of increased reliance on the benefits PLM delivers to product developers. Industry as a whole, is going through big technological shifts and those radical changes have a big effect on the leading PLM- and ERP consultancies. The technological developments are having a significant impact on the evolving product and service offerings related to PLM and Internet of Things (IoT).    

To read more about where this development is going and how big players like TechniaTranscat and Accenture are affected, click on the link below.
Accenture, TechniaTranscat and the Changing Realities for PLM Service Providers

Read Addnodes Year-End Report, click here

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