Budapest: Accenture today announced that it has agreed to acquire the industrial and embedded software development and services business of evopro group, a software development and engineering services company headquartered in Budapest. Terms were not disclosed.
The firms says the acquisition will increase its ability to help companies get the most return on their investment in industrial software through process improvement and software development, enabling them to take products to market faster and more efficiently.
evopro group, which has operations in Germany, Hungary, Romania and Turkey, provides services for embedded software used widely in the industrial and medical equipment, automotive, building, logistics and transportation industries. The acquisition will strengthen Accenture's skills in the industrial software and automation market for industrial companies, and support Accenture's mobility-driven connected products initiatives.
"This acquisition will strengthen our capabilities in the industrial software solutions market, where we see increased interest from our clients for software development and related IT services," said Eric Schaeffer, senior managing director with Accenture.
"evopro group has a highly skilled workforce with deep expertise in software development, testing, and implementation, as well as automation solutions.
"It will also strengthen our mobility-based capabilities as we continue to build innovative connected solutions for clients across industries where embedded software is a differentiating capability."
The acquisition will bring together Accenture's ability to deliver complex global transformation programs through industrialized delivery methods and innovative technologies with evopro group's software and engineering skills.
This is Accenture's third acquisition that will enhance its range of capabilities for manufacturing clients. These include organizing, developing and managing the processes needed for the entire lifecycle of new products and services, bringing them to market more quickly and efficiently. Accenture recently acquired PRION Group and in October announced plans to acquire PCO Innovation, two system integration companies specializing in the delivery of Product Lifecycle Management (PLM) services.
Csaba Meszaros, president and CEO of evopro group, said, "The combination of evopro group's software and engineering experts and Accenture's industry knowhow will create a unique value proposition for industrial companies demanding fast, efficient and reliable software development and automation solutions."
Founded in 2001, evopro group is a privately held company with more than 1,000 employees.
Completion of the acquisition is subject to customary closing conditions.