On Monday, Vietnam-based IT company FPT Software announced that it has fully acquired David Lamm Consulting, a German IT consulting firm renowned for its digital expertise in the energy sector.
FPT described this acquisition as strategic, demonstrating its strong commitment to growth in Germany and Europe. It will also enable FTP to offer enhanced digital services to energy and utility companies, accounting for a significant portion of FPT’s revenue in the region.
David Lamm Consulting brings a wealth of digital skills, including UI/UX design, system integration, full-stack development, SAP, and Salesforce integration. These unique strengths will bolster FPT’s new Utilities Solution Practice unit a key part of its European operations.
Establishing this specialized unit underscores FPT’s commitment to providing tailored solutions to energy and utility companies across Europe.
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FPT will continue working on the projects David Lamm Consulting has already handled, ensuring clients receive the same high-quality service. This is possible because of FPT’s strong global network and delivery capabilities.
“With this important addition, FPT will become an even stronger partner for energy and utility companies in Europe and beyond,” said the company.
“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 Chief Financial Officer cum Chief Operating Officer, FPT Corporation.
The acquisition builds on the partnership between the two companies in October 2024, which focused on developing new energy production, distribution, and sustainable development solutions.
FPT has operated in Europe for over 16 years, building a strong presence in nine countries. It has become a trusted partner for digital transformation in various industries, including energy, automotive, healthcare, banking, and finance. FPT works with over 150 top European companies, such as E.ON, Schaeffler, Viessmann, Covestro, Volvo, and Siemens.
Since 2014, FPT has used mergers and acquisitions (M&A) to improve its capabilities, grow its customer base, and expand its presence worldwide.
Over the years, FPT has strategically expanded its capabilities and global presence through a series of acquisitions and investments. These include acquiring a majority stake in Intellinet in 2018, investing in LTS Inc. in 2022, and strategically investing in Landing AI.
In 2023, FPT further strengthened its portfolio by acquiring Intertec’s IT services division, Cardinal Peak, and AOSIS. The most recent addition to FPT’s family is Next Advanced Communications (NAC), a Japanese IT services company acquired in 2024.
