Accenture (NYSE: ACN) has acquired T.A. Cook, a consultancy
specializing in asset performance management and capital projects
for clients in capital-intensive industries and infrastructure. The
acquisition will strengthen Accenture’s capabilities for improving
asset performance, increasing safety, and reducing environmental
impact and cost in the chemicals, life sciences, metals and mining,
and oil and gas industries. Financial terms were not disclosed.
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Accenture has acquired T.A. Cook,
strengthening the asset performance management capabilities of its
Industry X group (Photo: Business Wire)
T.A. Cook provides services in data-driven maintenance,
operations and asset life cycle management including a proprietary
as-a-service reliability solution. Its asset performance management
capabilities, which have been repeatedly recognized by industry
analysts, are designed to help companies increase profitability by
lowering operating costs while boosting plant utilization. Its
capital projects skills support clients looking to increase
capacity and reduce cost through large investments in manufacturing
plants and technology.
Founded in 1994, T.A. Cook is headquartered in Berlin, Germany,
and has additional offices in Canada, Hong Kong and the United
States. The company brings a team of 130 consultants, engineers,
and development coaches. They will join Accenture’s Industry X
group, strengthening its services for digitizing clients’
engineering functions, asset performance management, factory
floors, project management office services and plant
operations.
“To remain competitive in today’s environment, our clients are
seeking to become more resilient, sustainable and profitable,” said
Nigel Stacey, global lead for Accenture Industry X. “A powerful
lever to achieve this is embedding intelligence in critical
production assets. With T.A. Cook, we continue to grow our
intelligent asset management capabilities that help clients
automate processes, build predictive maintenance capabilities,
reduce waste, increase utilization and, ultimately, redefine how
they operate plants and factories for sustainable growth.”
Christina Raab, market unit lead for Accenture in Germany,
Austria, Switzerland and Russia, added, “Asset-heavy companies need
to drive efficiency, flexibility and safety to thrive at a time of
growing economic, environmental and regulatory pressures. T.A.
Cook’s digital track record, expertise and highly skilled team will
enhance the solutions and capabilities that our clients require to
transform their operations and boost growth.”
Frank Uwe Hess, co-founder of T.A. Cook, said, “We’re excited
for the opportunity to scale our change management capabilities and
utilize technological and process knowledge across Accenture’s
global network, while expanding our combined digital manufacturing
and operations offerings to even more clients.”
T.A. Cook is the latest in a series of 26 acquisitions Accenture
has made since 2017 to build its Industry X capabilities. In
October, it bought Advoco, a large US-based systems integrator for
Hexagon’s Infor EAM solutions, which will scale Accenture’s
capabilities for intelligent asset management solutions. Other
recent acquisitions include international engineering consulting
and services firm umlaut, operations technology provider Electro 80
(Australia), industrial robotics and automation services provider
Pollux (Brazil), operations consultancy Myrtle (US) and technology
consultancy SALT Solutions (Germany).
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
every day, 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,”
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risks, uncertainties and other factors discussed under the “Risk
Factors” heading in Accenture plc’s most recent Annual Report on
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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
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version on businesswire.com: https://www.businesswire.com/news/home/20211115005094/en/
Jens R. Derksen Accenture Industry X +49 175 5761393
jens.derksen@accenture.com
Yvonne Bernerth Accenture +49 6173 94 67561
yvonne.bernerth@accenture.com
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