Accenture to Acquire umlaut

Accenture (NYSE: ACN) is to acquire umlaut, an Aachen, Germany-headquartered engineering consulting and services firm.

The amount of the deal, whose completion is subject to customary closing conditions, was not disclosed.

The acquisition will scale Accenture’s deep engineering capabilities to help companies use digital technologies like cloud, artificial intelligence, and 5G to design, engineer and manufacture their products as well as embed sustainability.

umlaut will add more than 4,200 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 & defense, telecommunications, energy and utilities.

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.

Industry X combines Accenture’s data and digital capabilities with deep engineering expertise to offer clients a broad suite of services for digitizing their engineering functions, factory floors and plant operations, improving productivity, speeding up the transformation of hardware into software-enabled products, and allowing for faster and more flexible product development.