Accenture To Acquire PCO Innovation
Montreal, Canada (Manufacturing.net) — Accenture has today announced its intent to acquire PCO Innovation, a systems integration group that specializes in product lifecycle management (PLM) technology. Terms of the agreement were not immediately announced, nor were details as to how the companies will integrate services, facilities and labor forces.
Established in 2000, PCO Innovation provides services for the computer-aided design (CAD) and product lifecycle management (PLM) fields. The company currently employs 600 consultants and exports to service 150 clients in 30 countries. Some of the more well-known customers include Dassault Systèmes, PTC and Siemens PLM. By acquiring PCO Innovation, Accenture hopes to combine its own technologies with better services to help bring advances online more quickly and efficiently.
This acquisition comes on the heels of Accenture’s purchase of PRION Group, which also specializes in the delivery of PLM services. Both transactions have helped Accenture move into new industries, such as automotive, aerospace and defense, consumer goods, electronics and more.
Sergio Colella, a managing director at Accenture, said in a statement: “Our clients are shifting to global operating models and the complexity of their products and services is increasing. There is a greater demand to integrate product and service development processes across disciplines from innovation to manufacturing, supply chain and customer service. With the combined capabilities of PCO Innovation and Accenture, we improve our ability to address this fast-growing market which is core to our clients as they build their future offerings.”
Etienne Borgeat, PCO Innovation CEO, said: “Having established PCO Innovation as a leading independent PLM group, we are pleased to be creating a market leader for end-to-end PLM services with Accenture, offering our clients an unparalleled set of solutions and services.”