Intending to help clients in manufacturing industries quickly and more efficiently deliver products to customers, Accenture(NYSE:ACN) has reportedly announced its intent to acquire PRION Group which is consulting and system integrator that specializes in Siemens Product Lifecycle Management (PLM) Software.The acquisition will strengthen Accenture’s PLM skills and enhance its ability to help clients deliver products to customers faster and more efficiently.
Founded in 1998 and headquartered in Stuttgart, PRION Group is a privately-held company with more than 330 employees. PRION Group provides PLM strategy and process consultancy, system implementation, data migration, application management and PLM as a managed service. With the acquisition of PRION Group, Accenture will expand its end-to-end PLM offering by combining PRION Group’s full range of PLM services with Accenture’s existing PLM capabilities. Combining PRION Group with Accenture’s management consulting, technology and outsourcing capabilities will create a market-leading global PLM offering for a range of industries, including industrial equipment, automotive, consumer goods, and aerospace and defense.
Koen Deryckere, Senior Managing Director, Accenture, said, “With manufacturing companies spending as much as 25 per cent of their revenues on innovation and product development, PLM can help them avoid investments  in products that are either late to market or don’t fully address customer requirements. The combination of PRION Group’s PLM specialist skills and Accenture’s industrialized delivery methodologies and global scale will help clients tackle the fragmented system and process landscape in the product development space, which many companies face today.”
PRION Group’s skilled workforce specializes in implementing Siemens PLM Software to help clients achieve the maximum business benefits the software can provide by improving product data management, reducing development times and more efficiently delivering products to customers faster. PRION Group’s clients span a range of industries, including automotive, aerospace and defense, transportation and engineering and consumer electronics.Completion of the acquisition is subject to customary closing conditions. Â
