Wired News – Accenture to Buy Germany-Based Design Consultancy designaffairs
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LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want access to our free research report on Accenture PLC (NYSE: ACN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ACN as the Company's latest news hit the wire. On June 08, 2018, the Company announced that it has inked a deal to acquire designaffairs, which is a strategic design consultancy headquartered in Germany. The financial terms of the transaction remained undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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The acquisition will bolster the capabilities of Accenture Industry X.0 to design smart products and services that are ready for manufacturing, hence complementing the Company's offerings around smart products, smart services, platforms, and new business models for the digital reinvention of industrial companies.
Deal Details
The acquisition is subject to customary closing conditions.
By joining Accenture Industry X.0 practice, designaffairs will become part of Accenture's growing network of studios. Accenture's studios specialize in the ideation, design, and prototyping of digitally-enabled smart products, smart services, and customer experiences, which are at the heart of Accenture's Industry X.0 value proposition.
Following the acquisition, designaffairs' Chief Executive Officer (CEO), Nico Michler, will continue to lead the business; along with Prof. Michael Lanz, Managing Director, and Munich studio lead, Gerd Helmreich, Managing Director and Erlangen studio lead, as well as Lidan Liu and Moritz Ludwig, who lead the Shanghai studio.
designaffairs Market Presence will Strengthen Accenture's Capabilities Around Industry Digitization, Especially in Germany and China
Commenting on the acquisition, Frank Riemensperger, Senior Country Managing Director, Accenture Austria, Switzerland, Germany, and Russia, stated that designaffairs excels at helping clients reinvent products and the product experience, which is the prerequisite for building new business models and creating growth from digital. Their expertise, track record, and market presence will strengthen Accenture's capabilities around industry digitization, especially in Germany and in China, which are two key markets for Accenture Industry X.0.
Accenture's Recent Acquisition
On May 23, 2018, the Company entered into an agreement to acquire Shanghai-based HO Communication, which is a full-service digital marketing agency in China with a strong portfolio of local and multinational clients. The acquisition will expand the ability of Accenture Interactive to bring its unique blend of digital design, marketing, content, and commerce services to clients in Greater China seamlessly and at scale. The acquisition was subject to customary closing conditions, and the terms of the deal were not disclosed.
About designaffairs
Founded in 1997, designaffairs offers services comprising industrial, user interface, and material design; interaction innovation; mechanical and usability engineering; prototyping; design research; and brand strategy. The firm employs more than 100 professionals in studios in Munich and Erlangen (Germany), Shanghai (China), and Portland, Oregon (United States).
About Accenture PLC and Accenture Industry X.0
Accenture is a leading global professional services Company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders.
Accenture Industry X.0 helps businesses master the digital reinvention of industry when they use advanced digital technologies to transform core operations and unlock new revenue streams and business models. It supports every aspect of clients' multi-phase transformation including workforce, customer experience, research and development (R&D), engineering, manufacturing, business support, and ecosystems.
Stock Performance Snapshot
June 11, 2018 - At Monday's closing bell, Accenture's stock slightly rose 0.36%, ending the trading session at $162.75.
Volume traded for the day: 1.96 million shares.
Stock performance in the last month – up 3.97%; previous three-month period – up 0.66%; past twelve-month period – up 29.35%; and year-to-date - up 6.31%
After yesterday's close, Accenture's market cap was at $105.01 billion.
Price to Earnings (P/E) ratio was at 27.59.
The stock has a dividend yield of 1.63%.
The stock is part of the Services sector, categorized under the Resorts & Casinos industry. This sector was up 0.4% at the end of the session.
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