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Accenture Announces Its Intention To Acquire Umlaut

By ET Bureau - June 15, 2021 4 Mins Read

Accenture announces its intention to acquire umlaut

Accenture (NYSE: ACN) has announced its intention to acquire umlaut , an engineering consulting and services company headquartered in Aix- la-Chapelle, in Germany. This acquisition would allow Accenture to significantly strengthen its capabilities to help companies take advantage of digital technologies such as cloud, artificial intelligence and 5G.

This would fundamentally transform the way companies design and manufacture their products, improve their supply chain, integrate sustainability and bring digital technology to their organizations.

With the acquisition of umlaut, more than 4,200 highly qualified engineers and consultants in 17 countries would join Accenture’s Industry of the Future business, expanding its capabilities in many sectors, including automotive, aerospace and manufacturing. defense, telecommunications, energy and utilities.

Thus strengthened, Accenture’s Industry of the Future activity would offer its clients a wide range of services enabling them to succeed in their digital transformation in terms of engineering and industrial activities, improve their productivity and accelerate their transformation. digital to connected products and services.

“We predicted that digital technologies would soon be applied on a large scale at the heart of business operations – that is, in the design, engineering and production of their products. For nearly ten years, Accenture has put in place the necessary resources and ecosystem partnerships to combine the power of digital with traditional engineering services, ”said Julie Sweet, Global CEO of Accenture.

“The COVID-19 pandemic has accelerated the need for businesses to transform their strategic operations as a result. UMLaut’s highly specialized cutting-edge engineering services would thus strengthen our ability to respond to this acceleration in demand and to continue to innovate for our customers. ”

A survey conducted by Accenture research of more than 1,500 industry executives, reveals that only 38% of companies have started to deploy the digitalization of their engineering and manufacturing process .

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Thanks to this acquisition, Accenture would be able to strengthen its Industry of the Future activity at a crucial time when the presence of software is decisive, in terms of the commercial success of platforms, but also of products and services which must now have integrated intelligence.

“By providing our clients with global expertise in digital engineering and production, we would help them develop rapidly, accelerate their growth, improve their productivity and safety, and embed sustainability into their businesses” a said Nigel Stacey, Global Head of Accenture Industry of the Future. “Companies that use advancements in digital data and technology to create value, from the R&D phase to the consumer, supply chain and factory, will become – and remain – relevant, resilient. and responsible. ”

The COVID-19 pandemic has shown that the operations and supply chains of most companies are far from being sufficiently resilient or flexible in the face of crises. Digital technologies can help mitigate disruption, for example by enabling a rapid shift to remote factory operations or by providing near real-time information on changing market demands. In addition, companies are increasingly expected to operate more responsibly and contribute to a circular economy by developing more sustainable products.

Umlaut’s capabilities span traditional and digital engineering services, testing and validation of smart connected products, technology, process and organizational consulting, as well as hardware and software product development.

“Business leaders from the many industries facing digital and product convergence are looking for a trusted partner who understands their language and who can truly help them at every stage of their transformation to deliver tangible results, especially in the fields of engineering and manufacturing ”said Marc Peter Althoff, Chief Technology Officer at umlaut.

“We would be delighted to bring to Accenture our unique engineering and consulting culture, our deep industrial know-how and our expertise to jointly create solutions with the skills at the scale necessary to help clients achieve transform successfully. ”

Umlaut would be the most recent in a series of 22 acquisitions made by Accenture since 2017 to strengthen its positioning in the Industry of the future . Recent acquisitions include operations technology provider Electro 80 (Australia), industrial robotics and automation services provider Pollux (Brazil), operations consulting firm Myrtle (US) and SALT Solutions technology consultancy (Germany).

The proposed acquisition is subject to the conditions usually applicable. Financial details of the transaction are not being disclosed.

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