Accenture has done a major acquisition in the IT-services and engineering landscape. The global consulting and IT giant has acquired Evopro, an international software development and engineering services firm headquartered in Hungary. Over 1.000 employees are transferring to Accenture.
Evopro was founded in 2001 in Budapest, Hungary's capital. It provides mainly industrial clients with high-tech engineering services. For example, the past year it was responsible for implementing the luggage handling system in Terminal 2 at Munich Airport and was it responsible for the entire electrical, mechanical and control systems of the Ferenc Liszt International Airport in Budapest. It has grown rapidly over the past twelve years, from a startup to more than 1.000 employees in Hungary, Germany, Romania and Turkey.
The acquisition gives a large boost to Accenture’s services towards industrial clients. While Accenture has a powerful consulting and IT base, it to date lacked the detailed engineering knowledge. With the bundling of expertise it expects to provide clients with a more end-to-end service, ousting its traditional consulting competitors. In addition, it expects significant cross-selling opportunities, such as introducing more consulting or project management to large technical programs or transitioning more repetitive engineering work towards its outsourcing business.
"Evopro group has a highly skilled workforce with deep expertise in software development, testing, and implementation, as well as automation solutions" says Eric Schaeffer, Senior Managing Director with Accenture. "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".
It is Accenture's third acquisition in the IT/engineering landscape in a brief moment. Recently it acquired PRION Group and in October it bought PCO Innovation, two system integration companies specializing in the delivery of Product Lifecycle Management (PLM) services.