Accenture will acquire PRION Group, a consulting and systems integrator.
The acquisition will strengthen Accenture’s PLM skills and enhance its ability to help clients deliver products to customers more efficiently.
Accenture did not share financial details.
With more than 330 employees PRION Group provides PLM strategy and process consultancy, system implementation, data migration, application management and PLM as a managed service.
The acquisition will also enabled Accenture to expand its PLM offering by combining PRION Group’s full range of PLM services with Accenture’s existing PLM capabilities.
PRION Group and Accenture will become a top PLM offering for a range of industries, including industrial equipment, automotive, consumer goods, and aerospace and defense.
With manufacturing companies spending as much as 25 percent of their revenues on innovation and product development, PLM can help them avoid investments in products that are either late to market or don’t fully address customer requirements.
“The combination of PRION Group’s PLM specialist skills and Accenture’s delivery methodologies and global scale will help clients tackle the fragmented system and process landscape in the product development space, which many companies face today,” said Koen Deryckere, senior managing director with Accenture.
PRION Group’s clients span industries including automotive, aerospace and defense, transportation and engineering and consumer electronics.
Industry 4.0 concepts will increase the incidence of sensor-equipped materials and components along the manufacturing cycle. These provide data and updates that allow companies to further optimize production and become more flexible.
PRION Group has offices in Munich, Nuremberg, Zurich, Oxford, Portland, Detroit, Bangalore, Pune and Singapore.