Accenture and Siemens start smart grid Joint Venture

01 November 2013

Accenture and Siemens have formed a Joint Venture that will focus on smart grid energy solutions. The new entity, named Omnetric Group, will be based in Munich, Germany, and initially serve customers in Europe and the United States. The partners have announced an ambitious growth strategy: in the first year the energy company should grow to 100 employees and within five years it is envisaged to have a global footprint.

Financial details of the Joint Venture agreement have not being disclosed.

Accenture will provide Omnetric Group with management consulting, systems integration and managed-services capabilities. Siemens will bring in its existing wide-range of smart grid products and solutions. The combined service portfolio will focus on integrated operational technologies - such as distribution management and real-time grid operations - with IT systems supporting smart metering, energy consumption and asset management.

Accenture - Siemens - Smart Grid Joint Venture

“Combining the strengths of Siemens and Accenture will enable Omnetric Group to deliver the highest level of expertise and execution to a rapidly evolving global utility market”, says Jan Mrosik, CEO of the Smart Grid Division of Siemens.

Jack Azagury, global managing director for Accenture Smart Grid Services, adds: “Utilities are seeking ways to increase capital effectiveness and reduce their costs of operations. Doing so requires an enterprise view of systems and data through the integration of traditional IT solutions with the operational solutions required to manage the grid. Omnetric Group will be uniquely positioned to help utilities realize this objective.”

Partnership met Philips
For Accenture it is the second partnership with a leading industry player in short time. Early October it announced that it had developed a technology which can help doctors to - through Google Glass technology - operate in a 'hands free' manner. The innovation is the result of a strategic partnership with Philips.


More news on


Grey Consulting and Makerversity announce strategic partnership

05 April 2019

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”