Accenture (NYSE: ACN) has completed the previously announced acquisition of ESR Labs, a Munich, Germany-based company that develops embedded software for German car brands and suppliers.
The amount of the deal was not disclosed.
ESR Labs is joining Accenture Industry X.0, the part of Accenture that uses digital technologies to improve how companies design, engineer and manufacture products and services, and operate industrial facilities.
The acquisition expands Accenture’s capabilities to help its automotive clients drive value from software. ESR Labs will team with two other German acquisitions for Industry X.0, strategic design consultancy designaffairs and technology consultancy Zielpuls, to develop mobility services for carmakers as well as smart connected solutions for medical technology, industrial equipment and high-tech companies.
ESR Labs is the latest acquisition that Accenture has made to strengthen Industry X.0. In February, it bought VanBerlo, a Dutch product design and innovation agency. In 2019, it acquired US product innovation and engineering company Nytec and UK innovation firm Happen. In 2018, it bought US embedded software specialist Pillar Technology and US hardware engineering firm Mindtribe.
FinSMEs
06/04/2020