Accenture has announced that it will acquire PRION Group, a systems integrator that specialises in Siemens Product Lifecycle Management (PLM) software.
The outsourcing and consultancy firm said the deal would expand its end-to-end PLM services to users more efficiently.
Koen Deryckere, managing director at Accenture, said: "The combination of PRION Group’s PLM specialist skills and Accenture’s industrialized delivery methodologies and global scale will help clients tackle the fragmented system and process landscape in the product development space."
Accenture, which employs 266,000 people in more than 120 countries, said it would integrate its PLM capabilities with PRION’s full range of PLM services.
Joseph Unger, managing partner at PRION Group, added: "We will help tackle key pain points of PLM projects and support clients as they seek to reduce the cost of PLM activities while increasing the traceability of products and data transparency."
Accenture’s revenue for the third quarter ending May 31 rose to $5.5bn (£3.6bn) from $5.1bn a year earlier.
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