In the latest development, Accenture, a leading global professional services company, providing a broad range of services, has agreed to acquire ESR Labs, a Munich-based company that develops embedded software for leading German car brands and suppliers.
With this move, Accenture plans to expand its portfolio to help its automotive clients drive higher value from software. For the uninitiated, the German startup develops embedded systems in an attempt to bring innovations to the market.
Reason behind acquisition!
If you are unaware, Embedded software is the code running on the electronic units that control a vehicle’s functions. Writing it requires a limited set of experience and skills that the more than 130 software engineers and software architects from ESR Labs will bring to Accenture.
Wolfgang Köcher, CEO of ESR Labs, said:
We’re excited to become a part of Accenture Industry X.0, which will allow us to create groundbreaking technology solutions for clients faster than ever. Accenture’s truly global organization will also offer new opportunities to our people.
The German company also offers solutions to update the code remotely, helps clients develop connected car and mobility services, such as car-sharing, and conducts research into autonomous driving technology.
Joins Accenture Industry X.0!
As per the agreement, ESR Labs will join Accenture Industry X.0, the part of Accenture that uses digital technologies to improve how companies design, engineer and manufacture products and services, and operate industrial facilities.
Andrew Smith, a managing director for Accenture Industry X.0 in Germany, said:
Manufacturing companies need to put software at the core of their business. They also need to adopt and nurture a technology company-like ‘pure developer culture.’ ESR Labs will put us in a great position to help our clients accelerate their plans to do just this.
Also, the ESR Labs will join forces with two other German acquisitions for Industry X.0, strategic design consultancy designaffairs, and technology consultancy Zielpuls.
Together, they will develop mobility services for carmakers as well as smart connected solutions for medical technology, industrial equipment, and high-tech companies.
Previous acquisitions!
Back in February, Accenture bought VanBerlo, a Dutch product design, and innovation agency. In 2019, it acquired US product innovation and engineering company Nytec and UK innovation firm Happen.
In 2018, the London-based company also bought US embedded software specialist Pillar Technology and US hardware engineering firm Mindtribe.
Frank Riemensperger, market unit lead for Accenture in Germany, said:
Bringing together ESR Labs, designaffairs and Zielpuls will go a long way in helping clients in our market tackle their digital challenges. Together, we can help them develop some of the world’s most innovative and high-quality products and services.
Main image picture credits: Accenture
Stay tuned to Silicon Canals for more European technology news.
