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Accenture (ACN) to Snap Up German Technology Consultancy

Zacks Equity Research
·2 mins read

Accenture plc ACN yesterday announced that it will acquire SALT Solutions AG, a Würzburg, Germany-based technology consultancy. Financial terms of the deal have been kept under wraps.

SALT Solutions is a certified SAP Gold Partner and provider of IT-system implementation and maintenance services for production, operations and logistics at manufacturing, consumer goods, automotive and chemicals companies. It will join Accenture Industry X with a team of more than 500 employees.

How Will Accenture Benefit?

The buyout complements Accenture’s capabilities in enterprise resource-planning systems and cloud solutions, and will help the company develop cloud-based industrial Internet-of-Things platforms that accelerate and streamline production and logistics, and lessen quality and waste issues along the supply chain.

The buyout seems to be a part of Accenture’s bid to boost its digital manufacturing, operations and supply-chain business, and gain an edge over rivals such as International Business Machines IBM, Genpact G and Cognizant Technology Solutions CTSH. Accenture has made several acquisitions in different markets with these objectives. They include Callisto Integration in Canada, PLM Systems in Italy, Enterprise System Partners in Ireland and Silveo in France.

Frank Riemensperger, market unit lead for Accenture in Germany, Austria, Switzerland and Russia, noted, “SALT Solutions’ expert knowledge and experience in dynamic digital manufacturing and optimization will significantly deepen Accenture’s shop floor expertise."

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