Alten Bundle
Who Owns Alten?
Understanding a company's ownership is crucial for grasping its strategic direction and market influence. For a global technology consulting and engineering firm, this insight is particularly important.
Alten's journey began in 1988, founded by three engineers who aimed to provide specialized engineering services. Today, it operates in over 30 countries with a substantial workforce, reflecting significant growth since its inception.
Who owns Alten?
The ownership of Alten has evolved since its founding. Initially, the stakes were held by its founders, Simon Azoulay, Laurent Schwarz, and Thierry Woog. As the company grew and eventually went public, its ownership structure diversified. Today, a significant portion of its shares are held by institutional investors, including asset management firms and investment funds, alongside public shareholders. The founders and key management personnel may still retain substantial stakes, influencing the company's strategic decisions. For a deeper understanding of the market forces impacting the company, one might consider an Alten PESTEL Analysis. As of the end of 2023, Alten employed approximately 57,000 individuals and reported a revenue of €4.14 billion for the full year 2024, underscoring its considerable market presence and operational scale.
Who Founded Alten?
Alten was founded in 1988 by three French engineers: Simon Azoulay, Laurent Schwarz, and Thierry Woog. Simon Azoulay continues to lead the company as Chairman and CEO, playing a pivotal role in its expansion since its inception. Emily Azoulay was also involved from the beginning, contributing to the company's early operational and financial framework.
| Founder | Role | Involvement |
|---|---|---|
| Simon Azoulay | Chairman and CEO | Instrumental in company growth since 1988 |
| Laurent Schwarz | Co-Founder | Key figure in early development |
| Thierry Woog | Co-Founder | Key figure in early development |
| Emily Azoulay | Sales Manager, Head of Administration and Finance | Involved since 1988, contributing to operational and financial groundwork |
The founders aimed to establish a company focused on high-level engineering services. Their vision included expanding service offerings and maintaining close client relationships.
Strategic focus from the founding team propelled the company's early expansion. This positioned the company as a key technological partner for major industrial clients.
The three primary founders were French engineers educated at prestigious institutions. This strong technical background informed the company's initial direction.
Emily Azoulay's early roles in sales and finance highlight significant family involvement from the company's inception. This contributed to the foundational operational structure.
Specific details regarding the initial equity splits among the founders are not publicly disclosed. However, their collective effort was central to the company's establishment.
The company's early strategy focused on providing high-value engineering services. This approach was key to securing partnerships with major industrial players.
The collective vision of the founders was to build a robust engineering services firm. Their commitment to client proximity and expanding service capabilities laid the groundwork for sustained growth. Understanding the Mission, Vision & Core Values of Alten provides further insight into the company's foundational principles.
The founding engineers, Simon Azoulay, Laurent Schwarz, and Thierry Woog, established the company in 1988. Their expertise and strategic direction were crucial in shaping the company's early trajectory.
- Established in 1988 by three French engineers.
- Simon Azoulay serves as Chairman and CEO.
- Emily Azoulay was involved in early administration and finance.
- Focus on high-level engineering services.
- Emphasis on client proximity and service expansion.
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How Has Alten’s Ownership Changed Over Time?
Alten's journey as a publicly traded entity began with its Initial Public Offering (IPO) in 1999, marking a significant shift in its ownership structure. As a company listed on Euronext Paris, its shares are accessible to a broad range of investors, influencing its corporate governance and strategic direction.
| Shareholder | Percentage of Equity | Approximate Value (USD) |
|---|---|---|
| Simon Azoulay | 14.67% | $66.3 million |
| The Capital Group Companies | 5.99% | $183.9 million |
| Financière de l'Échiquier SA | 1.858% | $57.1 million |
| Amundi Asset Management SASU | 0.4539% | $14.0 million |
The ownership landscape of Alten reflects a blend of foundational influence and institutional investment. Simon Azoulay, one of the co-founders, continues to hold a substantial stake, underscoring a lasting connection to the company's origins. Institutional investors, such as Financière de l'Échiquier SA and Amundi Asset Management SASU, also play a role in Alten's shareholder base. Notably, The Capital Group Companies surpassed a significant threshold, holding 5.99% of the company's capital as of June 14, 2024, indicating their growing interest. These shifts in major shareholdings, detailed in the company's 2024 Universal Registration Document, highlight the dynamic nature of Alten's ownership and its attractiveness to a diverse investor community, impacting its overall Marketing Strategy of Alten.
Alten's status as a publicly traded company on Euronext Paris means its ownership is distributed among various entities. The company's market capitalization as of July 2025 stands at $3.07 billion USD, with 34.8 million shares outstanding.
- Alten is listed on Euronext Paris (Ticker: ATE).
- It is included in key indices like the SBF 120, IT CAC 50, and MIDCAP 100.
- Simon Azoulay, a co-founder, is a significant individual shareholder.
- Institutional investors like The Capital Group Companies and Financière de l'Échiquier SA are also key stakeholders.
- The company's Universal Registration Document provides detailed ownership and financial information.
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Who Sits on Alten’s Board?
Alten's governance structure is guided by its Board of Directors, responsible for setting the company's strategic path and overseeing its execution. As of December 31, 2023, the board demonstrated a commitment to diversity, with women occupying 50% of the board seats, excluding the employee representative. This board composition ensures a range of perspectives in decision-making processes.
| Board Member | Role | Committee Involvement |
| Simon Azoulay | Chairman and Chief Executive Officer | |
| Emily Azoulay | Director | Remuneration and Nomination Committee |
| Jean-Philippe Collin | Independent Director | |
| Marc Eisenberg | Independent Director | |
| Maryvonne Labeille | Independent Director | Chairwoman of the Remuneration and Nomination and CSR Committees |
| Aliette Mardyks | Independent Director | Chairwoman of the Audit Committee |
| Pierre-Louis Ryser | Employee Representative | |
| Jane Seroussi | Director | |
| Philippe Tribaudeau | Independent Director and Lead Director |
The company operates under a standard voting framework, where as of April 30, 2025, there were 40,724,536 total theoretical voting rights, corresponding to 35,266,866 shares in its share capital. This generally indicates a one-share-one-vote principle, though specific details on any differential voting rights are not publicly detailed. Shareholders are required to notify the company if their stake in the share capital or voting rights exceeds 3%. In recent years, Alten has experienced a stable governance environment, with no major proxy battles or activist investor campaigns reported, suggesting alignment between the board's strategic direction and shareholder interests. Understanding the Target Market of Alten can provide further context on the company's strategic decisions.
Alten's voting structure is based on its share capital, with a clear notification threshold for significant stake acquisitions. This framework supports a predictable ownership landscape.
- Total theoretical voting rights: 40,724,536 (as of April 30, 2025)
- Total shares: 35,266,866
- Shareholder notification threshold: 3% of share capital or voting rights
- Governance stability indicated by lack of recent proxy battles
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What Recent Changes Have Shaped Alten’s Ownership Landscape?
Over the past three to five years, the company has actively pursued a strategy of targeted acquisitions to broaden its global reach and enhance its service portfolio. These strategic moves aim to solidify its position in the technology consulting sector.
| Development | Date | Impact |
|---|---|---|
| Acquisition of Worldgrid | December 2024 | Expansion in Energy and Utilities (Nuclear sector) |
| Acquisitions in Asia (Vietnam/Japan) | H1 2024 | Strengthening software development capabilities |
| Acquisition in Poland | H1 2024 | Enhancing IT services |
| Divestment of Asian subsidiary | December 2024 | Strategic portfolio adjustment |
The company's financial performance in 2024 saw a modest revenue increase of 1.8%, reaching €4.14 billion. However, net profit experienced a 20% decrease, settling at €186.4 million, primarily due to tax expenses and sector-specific performance challenges. Looking ahead to 2025, a stabilization of activity is anticipated in the first half, with potential for growth contingent on macroeconomic improvements. The company maintains a strong financial position, evidenced by a net cash balance of €275.5 million at the close of 2024, enabling self-funded growth and dividend distribution. A dividend of €1.50 per ordinary share for the 2024 financial year has been proposed.
The company's recent acquisitions, such as Worldgrid in December 2024, highlight a commitment to expanding its presence in key sectors like Energy and Utilities. These moves are central to its Growth Strategy of Alten.
Despite a dip in net profit for 2024, the company's robust cash position supports ongoing investment and shareholder returns. The recommended dividend reflects confidence in future performance.
Acquisitions in Asia and Poland during the first half of 2024 demonstrate a clear objective to strengthen its global footprint and service capabilities in software development and IT services.
The company's strategic divestment of an Asian subsidiary in late 2024, coupled with its cautious outlook for early 2025, indicates an adaptive approach to evolving market conditions and sector-specific performance.
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