Accenture in Italy has completed the acquisition of Turin-based boutique systems integrator PLM Systems. Terms of the transaction, which Accenture announced on May 19, 2020, were not disclosed.
“Our results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic”
Founded in 1996, PLM Systems specializes in designing and building information systems for product lifecycle management. Its clients are Italian and international automotive, industrial equipment, fashion and aerospace and defense companies. PLM Systems’ team is joining Accenture Industry X.0 in Italy, expanding Accenture’s capabilities to help clients improve how they generate, manage and benefit from product data in design, engineering and manufacturing.
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Former majority stakeholder of PLM Systems, Altea Federation, welcomed the acquisition.
“We are honored that leading global professional services company Accenture has chosen an Altea Federation subsidiary to boost its capabilities and presence in the market for digital engineering services,” said Andrea Ruscica, president of Altea Federation.
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The acquisition of PLM Systems is part of an overall growth strategy to expand critical skills and capabilities in strategic, high-growth areas. It is the fourth digital manufacturing advisory, services and solutions provider that Accenture has acquired recently, following Callisto Integration in Canada, Silveo in France and Enterprise System Partners in Ireland. Other recent acquisitions Accenture has made to strengthen its Industry X.0 business include German embedded software company ESR Labs, Dutch product design and innovation agency VanBerlo, U.S. product innovation and engineering company Nytec, and German strategic design consultancy designaffairs.
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