Accenture Completes Acquisition of umlaut
October 01 2021 - 5:59AM
Business Wire
Accenture (NYSE: ACN) has completed the acquisition of umlaut,
an engineering consulting and services firm headquartered in
Aachen, Germany. Terms of the transaction, which Accenture
announced on June 14, were not disclosed.
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Engineering consulting and services firm
umlaut is now part of Accenture (Graphic: Business Wire)
The move significantly scales Accenture’s deep engineering
capabilities to help companies use digital technologies like cloud,
artificial intelligence and 5G to transform how they design,
engineer and manufacture their products as well as embed
sustainability. Umlaut adds more than 4,200 industry-leading
engineers and consultants across 17 countries to Accenture’s
Industry X services and expands the company’s capabilities across a
range of industries, including automotive, aerospace & defense,
telecommunications, energy and utilities.
About Accenture Accenture is a global professional
services company with leading capabilities in digital, cloud and
security. Combining unmatched experience and specialized skills
across more than 40 industries, we offer Strategy and Consulting,
Interactive, Technology and Operations services—all powered by the
world’s largest network of Advanced Technology and Intelligent
Operations centers. Our 624,000 people deliver on the promise of
technology and human ingenuity, serving clients in more than 120
countries. We embrace the power of change to create value and
shared success for our clients, people, shareholders, partners and
communities. Visit us at www.accenture.com.
Accenture Industry X embeds intelligence in how clients run
factories and plants, as well as design and engineer connected
products and services—making manufacturing and operations more
efficient, effective and safe; enabling companies to transform how
they make things, and the things they make, for sustainable
growth.
Forward-Looking Statements Except for the historical
information and discussions contained herein, statements in this
news release may constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as “may,” “will,” “should,” “likely,” “anticipates,”
“expects,” “intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook” and similar expressions are used to
identify these forward-looking statements. These statements involve
a number of risks, uncertainties and other factors that could cause
actual results to differ materially from those expressed or
implied. Many of the following risks, uncertainties and other
factors identified below are, and will be, amplified by the
COVID-19 pandemic. These risks include, without limitation, risks
that: the transaction might not achieve the anticipated benefits
for Accenture; Accenture’s results of operations have been
significantly adversely affected and could in the future be
materially adversely impacted by the COVID-19 pandemic; Accenture’s
results of operations have been, and may in the future be,
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company’s clients’ businesses and levels of business activity;
Accenture’s business depends on generating and maintaining ongoing,
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including through the adaptation and expansion of its services and
solutions in response to ongoing changes in technology and
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could materially affect the company’s results of operations; if
Accenture is unable to keep its supply of skills and resources in
balance with client demand around the world and attract and retain
professionals with strong leadership skills, the company’s
business, the utilization rate of the company’s professionals and
the company’s results of operations may be materially adversely
affected; Accenture could face legal, reputational and financial
risks if the company fails to protect client and/or company data
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Accenture operates are highly competitive, and Accenture might not
be able to compete effectively; Accenture’s profitability could
materially suffer if the company is unable to obtain favorable
pricing for its services and solutions, if the company is unable to
remain competitive, if its cost-management strategies are
unsuccessful or if it experiences delivery inefficiencies or fail
to satisfy certain agreed-upon targets or specific service levels;
changes in Accenture’s level of taxes, as well as audits,
investigations and tax proceedings, or changes in tax laws or in
their interpretation or enforcement, could have a material adverse
effect on the company’s effective tax rate, results of operations,
cash flows and financial condition; Accenture’s ability to attract
and retain business and employees may depend on its reputation in
the marketplace; as a result of Accenture’s geographically diverse
operations and its growth strategy to continue to expand in its key
markets around the world, the company is more susceptible to
certain risks; Accenture’s business could be materially adversely
affected if the company incurs legal liability; Accenture’s work
with government clients exposes the company to additional risks
inherent in the government contracting environment; Accenture’s
results of operations could be materially adversely affected by
fluctuations in foreign currency exchange rates; if Accenture is
unable to manage the organizational challenges associated with its
size, the company might be unable to achieve its business
objectives; if Accenture does not successfully manage and develop
its relationships with key alliance partners or fails to anticipate
and establish new alliances in new technologies, the company’s
results of operations could be adversely affected; Accenture might
not be successful at acquiring, investing in or integrating
businesses, entering into joint ventures or divesting businesses;
if Accenture is unable to protect or enforce its intellectual
property rights or if Accenture’s services or solutions infringe
upon the intellectual property rights of others or the company
loses its ability to utilize the intellectual property of others,
its business could be adversely affected; Accenture’s results of
operations and share price could be adversely affected if it is
unable to maintain effective internal controls; changes to
accounting standards or in the estimates and assumptions Accenture
makes in connection with the preparation of its consolidated
financial statements could adversely affect its financial results;
Accenture might be unable to access additional capital on favorable
terms or at all and if the company raises equity capital, it may
dilute its shareholders’ ownership interest in the company;
Accenture may be subject to criticism and negative publicity
related to its incorporation in Ireland; as well as the risks,
uncertainties and other factors discussed under the “Risk Factors”
heading in Accenture plc’s most recent Annual Report on Form 10-K
and other documents filed with or furnished to the Securities and
Exchange Commission. Statements in this news release speak only as
of the date they were made, and Accenture undertakes no duty to
update any forward-looking statements made in this news release or
to conform such statements to actual results or changes in
Accenture’s expectations.
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Jens R. Derksen Accenture +49 175 5761393
jens.derksen@accenture.com
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