Founded in 1996, PLM Systems specializes in designing and building information systems for product lifecycle management. Its clients are Italian and international automotive, industrial equipment, fashion and aerospace and defense companies. Product lifecycle management systems help companies manage all relevant information about a product from its inception to its disposal. Companies can use them in engineering and other functions to innovate and manage new products.
The acquisition of PLM Systems will boost Accenture’s capabilities and presence in the market for digital engineering services. Its team will join Accenture Industry X.0 in Italy. This is the part of Accenture that uses digital technologies to continuously improve how industrial companies design, engineer and manufacture products and services and operate industrial facilities.
“Digital technologies like artificial intelligence are taking product lifecycle management to a new level. This offers industrial companies a huge opportunity to transform a core business function – engineering”, said Nigel Stacey, managing director and global lead of Accenture Industry X.0. “PLM Systems’ expertise and experience in product lifecycle management will allow us to help clients make the best use of their product data.”
“PLM Systems will be a cornerstone of progressing Accenture’s leadership in engineering digitization services,” said Mauro Marchiaro, managing director, Strategy & Consulting at Accenture in Italy. “We will combine our Industry X.0 capabilities with PLM Systems’ methodologies and solutions. This combination will allow us to make the industrial product development process more efficient and sustainable for our clients.”
“We’re excited to become part of Accenture,” said Alberto Codrino, CEO of PLM Systems. “Its client base and global footprint will offer our team new opportunities to expand their skills and we can develop even better technology solutions for clients to innovate and manage new products”.
The planned acquisition of PLM Systems is part of an overall growth strategy to expand critical skills and capabilities in strategic, high-growth areas. It is the fourth digital manufacturing advisory, services and solutions provider that Accenture has acquired recently. It is following Callisto Integration in Canada, Silveo in France and Enterprise System Partners in Ireland. Other recent acquisitions Accenture has made to strengthen its Industry X.0 business include German embedded software company ESR Labs, Dutch product design and innovation agency VanBerlo, U.S. product innovation and engineering company Nytec, and German strategic design consultancy designaffairs.
