Benefits of Merger
Global professional services company Accenture will acquire umlaut, an engineering consulting and services firm headquartered in Aachen, Germany for an undisclosed amount. Umlaut is an engineering consulting and services firm headquartered in Aachen, Germany. The acquisition will add 4,200 engineers and consultants across 17 countries, including India.
The acquisition will scale Accenture’s deep engineering capabilities to help companies use digital technologies like cloud, artificial intelligence, and 5G to transform how they design, engineer and manufacture their products as well as embed sustainability.
Scaling the capacities
The acquisition of umlaut will add more than 4,200 industry-leading engineers and consultants across 17 countries to Accenture’s Industry X services, and expand the company’s capabilities across a range of industries, including automotive, aerospace & defence, telecommunications, energy and utilities, Accenture said in a statement.
Accenture is expanding Industry at a time when software increasingly determines the market success of platforms, products and services across industries that require intelligence to be embedded. However, in a survey of more than 1,500 industry executives, Accenture research found that only 38 per cent of companies have deployed at least one project to digitize their engineering and manufacturing.
About Umlaut
Umlaut’s capabilities span traditional and digital engineering services; testing and validation of smart connected products; strategy, process and organizational consulting; and hardware product development as well as software development.
Umlaut will be next in a series of 22 acquisitions Accenture has made since 2017 to build its Industry X capabilities. More recent acquisitions include operations technology provider Electro 80 (Australia), industrial robotics and automation services provider Pollux (Brazil), operations consultancy Myrtle (US) and technology consultancy SALT Solutions (Germany).
Financial terms of the Deal
The financial terms of the acquisition were not disclosed.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, it offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centres.
Accenture Industry X embeds intelligence in how clients run factories and plants, as well as design and engineer connected products and services—making manufacturing and operations more efficient, effective and safe; enabling companies to transform how they make things, and the things they make, for sustainable growth.
Photo by Ronnie Overgoor on Unsplash
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