Accenture Completes Acquisition of ESR Labs
Summary
Accenture (NYSE: ACN) has completed the previously announced acquisition of ESR Labs, a Munich, Germany-based company that develops embedded software for German car brands and suppliers. ESR Labs will team with two other German acquisitions for Industry X.0, strategic design consultancy designaffairs and technology consultancy Zielpuls, to develop mobility services for carmakers as well as smart connected solutions for medical technology, industrial equipment and high-tech companies. ESR Labs is the latest acquisition that Accenture has made to strengthen Industry X.0. In February, it bought VanBerlo, a Dutch product design and innovation agency. In 2018, it bought US embedded software specialist Pillar Technology and US hardware engineering firm Mindtribe.