Report
Nicolas David

Altran Technologies : Doubts following the discovery of forged purchase orders at Aricent…

>$ 10m of forged purchase orders generated at Aricent pre-closing - The forgery was the work of one Aricent employee spanning Q3 2017 to Q1 2018 and amount to a total of $ 10m. The forgery was discovered three months after the Aricent acquisition was finalised, raising questions about the due diligence that Altran carried out as part of the deal. An investigation is still underway, primarily to establish whether this was indeed an isolated incident.2.7-pt...
Underlying
Altran Technologies SA

Altran Technologies is a global player in the advanced engineering and innovation consultancy market, operating in more than 20 countries, particularly in Europe, Asia and North America. Co. advises and accompanies clients in creating and developing new products and services, intervening during the strategic planning stages of new technologies and offering products support and services throughout all developmental phases. Co. offers its consulting services as technical backing, project support and end-to-end services, providing deliveries of customized products. Co. operates in two segments: Innovation and Advanced Engineering Consulting and Organization and Information Systems Consulting.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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