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Accenture (NYSE: ACN) has announced its agreement to acquire Eclipse Automation, a specialized firm in manufacturing automation and robotics based in Cambridge, Ontario. This strategic acquisition will enhance Accenture's capabilities to deploy automated production lines utilizing cloud, data, and AI technologies, aimed at improving factory productivity and sustainability. Eclipse Automation has a skilled workforce of approximately 800 professionals and serves various sectors including life sciences and automotive. Financial details of the acquisition remain undisclosed.
Positive
Acquisition enhances Accenture's automation and AI capabilities.
Integrates 800 skilled professionals into Accenture's workforce.
Addresses growing demand for advanced manufacturing solutions.
Negative
None.
NEW YORK & TORONTO--(BUSINESS WIRE)--
Accenture (NYSE: ACN) has agreed to acquire Eclipse Automation, a provider of customized manufacturing automation and robotics solutions headquartered in Cambridge, Ontario, Canada. The acquisition will allow Accenture to offer automated production lines that leverage the cloud, data and artificial intelligence (AI), making factories and plants smarter and thus, more productive, sustainable and safe. Financial terms were not disclosed.
Accenture agreed to acquire Eclipse Automation, a provider of customized manufacturing automation and robotics solutions headquartered in Cambridge, Ontario, Canada. (Photo: Business Wire)
Eclipse Automation creates automated manufacturing systems to produce sophisticated products for life sciences, industrial equipment, automotive, energy and consumer goods companies. Its technologists and engineers design, build, integrate and service advanced automation solutions for producing components and devices such as electric vehicle batteries and wearable blood-glucose monitors. Eclipse Automation’s solutions include automation control systems, production machines and robots, with critical customized tooling manufactured in-house.
Founded in 2001, Eclipse Automation has offices in Canada, the US, Hungary, Germany, Switzerland and Malaysia. Its approximately 800 professionals will join Accenture’s digital engineering and manufacturing service, Industry X.
Aaron Saint, North America lead for Industry X at Accenture, said: “Technology, data and AI are fundamentally transforming every part of a company. This includes engineering and manufacturing, our clients’ next digital frontier. With Eclipse Automation, we will combine advanced automation capabilities with our deep digital expertise. This will position Accenture better than ever to help our clients reimagine their products and how they make them.”
Jeffrey Russell, President of Accenture in Canada, said: “Many companies are bringing production back home to Canada and the US due to global supply chain disruptions. This gives them a unique opportunity to reinvent manufacturing with digital technologies and advanced automation. With Eclipse Automation, Accenture will provide technology and training capabilities that our clients need to develop a digital industrial workforce in markets where manufacturing skills are scarce.”
Steve Mai, CEO of Eclipse Automation, added: “For two decades, we have been leaders in delivering advanced automation solutions and high-tech manufacturing know-how to clients across multiple industries. By joining Accenture, we can also bring the advantages of data, AI and the cloud to our clients’ facilities at a scale that no other company can offer them.”
The acquisition marks the next milestone in Accenture’s expansion of its digital engineering and manufacturing capabilities. In 2020, Accenture bought Myrtle Consulting (US, Canada), a consultancy for strategic advisory on industrial operations, and Callisto Integration (Canada), a provider of manufacturing execution and shop-floor control systems. In 2021, Accenture added Pollux (Brazil), which engineers and deploys materials handling and autonomous mobile robots, paving its way into autonomous robotics systems. Later that year, Accenture made one of its largest acquisitions ever with international engineering services provider umlaut, headquartered in Germany, and strengthened its asset management and performance capabilities with Advoco (US) and T.A. Cook (Germany).
Completion of the acquisition is subject to customary closing conditions, including receipt of applicable regulatory approvals.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture and Eclipse Automation will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions, including the invasion of Ukraine by Russia, the related sanctions and other measures that have been and continue to be imposed in response to this conflict, as well as the current inflationary environment, and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture. This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors. This document refers to marks owned by third parties. All such third-party marks are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such marks is intended, expressed or implied.
What is the purpose of Accenture's acquisition of Eclipse Automation?
The acquisition aims to enhance Accenture's capabilities in providing automated production lines that leverage cloud, data, and AI technology.
What industries does Eclipse Automation serve?
Eclipse Automation serves industries such as life sciences, automotive, energy, and consumer goods.
When was Accenture's acquisition of Eclipse Automation announced?
The acquisition announcement was made on July 18, 2022.
How will the acquisition impact Accenture's services?
The acquisition will enable Accenture to offer smarter, more productive manufacturing solutions, integrating advanced automation with their digital services.
