FPT acquires German IT consulting company

Dzung Tran, FPT Software Europe CEO, FPT Corporation (left) and David Lamm, CEO, David Lamm Consulting

The move demonstrates FPT’s commitment to deepening its presence across Germany and Europe, while enhancing its capabilities in delivering digital solutions and services for energy and utilities companies, one of the key growth drivers that contributes nearly half of FPT’s total revenue from the region.

David Lamm Consulting, with a broad spectrum of digital competencies – including UI/UX design, system integration, full-stack development, SAP, and Salesforce integration – will supplement the newly established Utilities Solution Practice unit under FPT’s subsidiary in Europe. This dedicated unit will provide tailored solutions to energy and utilities companies across the continent. FPT will also carry on with David Lamm Consulting’s existing projects, ensuring continuity and high quality for their clients, thanks to FPT’s delivery capabilities enabled by its extensive global network.

"With this valuable addition, FPT will further strengthen our position as a strategic partner for energy and utilities companies across Europe and beyond. Our combined domain expertise, proven track record, and highly skilled talent pool across 30 countries will enable us to accelerate innovation and deliver sustainable, future-ready solutions for complex challenges faced by global businesses," said Nguyen Khai Hoan, FPT Software senior executive vice president and CFO cum COO, FPT Corporation.

The acquisition builds on the partnership established between the two companies last October, which aimed to co-develop innovative solutions for energy production, distribution, and sustainable development.

With over 16 years of operations in Europe, FPT has established a strong local presence in nine countries and proven to be a trusted digital transformation partner to companies across several industries, including energy and utilities, automotive, healthcare, banking and finance, and more. Its clientele includes more than 150 leading European enterprises, such as E.ON, Schaeffler, Viessmann, Covestro, Volvo, and Siemens.

Since 2014, FPT has pursued mergers and acquisitions (M&A) to strengthen capabilities, expand its customer base, and accelerate its global presence. FPT’s acquisition of RWE IT Slovakia in 2014 marked the first overseas M&A by a Vietnamese IT firm.

Other significant milestones include acquiring a majority stake in Intellinet in 2018, strategic investment in LTS Inc. in 2022, as well as strategic investment in Landing AI and acquisitions of Intertec’s IT services division, Cardinal Peak, and AOSIS in 2023, and most recently, its acquisition of Japanese IT services company Next Advanced Communications (NAC) last year.

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