Accenture (NYSE: ACN) is to acquire Nytec Inc., a Kirkland, WA-based product innovation and engineering company.
The amount of the deal, subject to customary closing conditions, was not disclosed.
Nytec will become part of Accenture Industry X.0, which offers capabilities that drive the digital reinvention of industry. This includes creating new types of products, services and experiences, and better ways to design, engineer, manufacture, operate and support them across their entire lifecycle.
With the acquisition, Nytec will expand Accenture Industry X.0’s ability to innovate connected, Internet-of-Things (IoT)-enabled experiences for clients from idea through to realization, particularly for clients in the consumer tech, industrial high tech, hospitality, travel, and consumer goods and services industries.
Founded in 1975 and led by Rich Lerz, CEO, Nytec operates an end-to-end LEED Platinum certified Product Innovation Center (PIC) in Kirkland, WA where it offers design, prototype development, engineering and support services for manufacturing.
Accenture is planning to expand the PIC and bring it into its network of Forges, which is part of its global Industry X.0 Innovation Network of more than 20 facilities.
Nytec has a team of 250 professionals.
FinSMEs
04/10/2019