Accenture has reinforced its Industry X services business with the acquisition of German-headquartered Umlaut, for an undisclosed amount. The deal for the engineering and services firm will boost Accenture’s deep engineering capabilities to help companies use cloud, artificial intelligence and 5G to transform how they design, engineer and manufacture products and embed sustainability.
“We predicted that digital would ultimately be applied at scale to the core of a company’s business – the design, engineering and manufacturing of their products. For nearly a decade Accenture has been building the capabilities and ecosystem partnerships to combine the power of digital with traditional engineering services,” said Julie Sweet, chief executive officer, Accenture.
“COVID-19 has accelerated the need for companies to transform these core operations, and Umlaut’s leading and specialised engineering services will enhance our ability to meet the accelerating demand and also continue innovating for our clients,” she added.
Umlaut deal adds more than 4,200 engineers and consultants across 17 countries to Accenture’s Industry X practise. The deal expands the consultant’s expertise across automotive, aerospace and defence, telecoms, energy and utilities.
“Bringing digital engineering and manufacturing expertise to our clients helps them rapidly scale, accelerate growth, improve productivity and safety, and embed sustainability across their operations,” said Nigel Stacey, global lead of Accenture Industry X.
“From consumers to R&D to the supply chain and factory floor, and back again, companies that use the power of data and digital to build value will become — and remain — relevant, resilient and responsible.”