Accenture (NYSE: ACN) recently announced the acquisition of ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers. This news comes just days after Accenture acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its analytics, data and artificial intelligence (AI) transformation capabilities.
Accenture reported that the acquisition will expand its capabilities to help its automotive clients drive greater value from software and that ESR Labs 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.
“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. As such, ESR Labs will join forces with two other German acquisitions for Industry X.0, strategic design consultancy designaffairs, and technology consultancy Zielpuls.”
Speaking about the acquisition, Wolfgang Köcher, CEO of ESR Labs, stated:
“We’re excited to become a part of Accenture Industry X.0, which will allow us to create groundbreaking technology solution for clients faster than ever. Accenture’s truly global organization will also offer new opportunities to our people.”
Axel Schmidt, a Senior Managing Director and Accenture’s Global Automotive Lead, then added:
“The automotive industry is at a tipping point. Globally, car sales are declining. Customers are demanding more convenient and customized mobility services. Whoever meets these demands best, will win mobility in the future. With ESR Labs, we can help our clients in the automotive sector embrace and implement new technologies much faster.”