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Friday, January 27, 2023

Accenture (NYSE: ACN) Announces Major Acquisition from Trancom ITS

Accenture Plc (NYSE: ACN) has confirmed the acquisition of digital engineering and operational technology capabilities from Trancom ITS, a Japanese logistics technology services provider. Through this acquisition, Accenture’s Industry X service will be able to offer hyper-automation solutions at scale, which production and transportation organizations in Japan are increasingly demanding to make their core operations more effective and sustainable.

Trancom ITS will sell its systems integration, consulting, software development, and outsourcing services to Accenture. These include logistics and technological expertise, as well as the majority of the company’s client contracts. Around 190 Trancom ITS engineers will join Accenture Industry X in Japan, specializing in cloud-based logistics systems and enhancing warehouse operations with IoT and sensor technology.

Furthermore, Accenture’s acquisition of Trancom ITS’ capabilities will be the next major step in strengthening its offering in Japan for digitizing the whole engineering and manufacturing value chain. It comes after the August 2021 purchase of Japan’s DI Square’s product lifecycle management and application lifecycle management capabilities.

In addition to this, Accenture and Trancom also intend to partner on other joint solutions that speed up the digital revolution of Trancom and clients in the logistics and production industries. After the execution of the capabilities’ acquisition agreement, Trancom ITS will continue to service Trancom, whereas its other client relationships will be shifted to Accenture.

Moreover, operations technology provider Electro 80 (Australia), international engineering consulting and services firm umlaut, asset performance management consultancy T.A. Cook (Germany), a systems integrator for Hexagon’s Infor EAM solutions Advoco (US), and industrial robotics and automation services provider Pollux are among Accenture’s recent acquisitions for Industry X in other markets (Brazil).

Both the companies have not yet disclosed the terms and conditions of the agreement. The execution of the agreement is dependent on usual execution conditions.

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