Global IT consulting firm Accenture has acquired T.A. Cook, a consultancy specializing in asset performance management. The deal is designed to further bolster Accenture's Industry X group. Financial terms of the deal were not disclosed.
This is technology M&A deal number 722 that ChannelE2E has covered so far in 2021.
Accenture Acquires Asset Performance Management Firm T.A. Cook
Founded in 1994, T.A. Cook is headquartered in Berlin, Germany, and has additional offices in Canada, Hong Kong and the United States. T.A. Cook provides services in data-driven maintenance, operations and asset life cycle management including a proprietary as-a-service reliability solution.
T.A. Cook's 130 consultants, engineers, and development coaches will join Accenture's Industry X group. Those team members will help customers to digitize engineering functions and improve performance management across factory floors, project management office services and plant operations, according to the statement.
Nigel Stacey, global lead for Accenture Industry X, commented on the news:
“To remain competitive in today’s environment, our clients are seeking to become more resilient, sustainable and profitable. A powerful lever to achieve this is embedding intelligence in critical production assets. With T.A. Cook, we continue to grow our intelligent asset management capabilities that help clients automate processes, build predictive maintenance capabilities, reduce waste, increase utilization and, ultimately, redefine how they operate plants and factories for sustainable growth.”
Frank Uwe Hess, co-founder of T.A. Cook, added:
“We’re excited for the opportunity to scale our change management capabilities and utilize technological and process knowledge across Accenture’s global network, while expanding our combined digital manufacturing and operations offerings to even more clients.”
Accenture's Industry X Acquisitions
T.A. Cook is the latest in a series of acquisitions Accenture has made since 2017 to build its Industry X capabilities. You can see all the Accenture acquisitions ChannelE2E has tracked here.
Example deals include:
- Advoco, a large U.S.-based systems integrator for Hexagon’s Infor EAM solutions;
- engineering consulting and services firm umlaut;
- operations technology provider Electro 80 (Australia);
- industrial robotics and automation services provider Pollux (Brazil);
- operations consultancy Myrtle (US); and
- technology consultancy SALT Solutions (Germany).
