Accenture expands through acquisition of Cimation

Accenture (NYSE: ACN) has entered into an agreement to acquire Cimation, an affiliate of Audubon Companies and an Industrial Internet of Things (IIoT) consulting company that works in process automation, information technology (IT), and industrial control system (ICS) cyber security. Together, the companies will provide end-to-end services to transform industrial asset operations and maintenance for oil and gas, pipeline, chemicals, metals, and mining companies – from the sensors on field equipment, such as connected oil and gas wells, to boardroom performance reports. Terms of the transaction were not disclosed.
 
The transaction supports the integration of enterprise IT systems and operational technology (OT) needed by resources industries to capitalize on opportunities such as automation solutions, production optimization, asset analytics, and ICS cyber security. As a result, companies can better maintain, operate, and optimize their wells, pipelines, refineries, chemical plants, and mines. 
  
Cimation’s approximately 200 people, most of whom are located in the US and Canada, will join the Accenture Asset and Operations Services group.
  
The acquisition of Cimation marks Accenture’s second acquisition in recent months. In early November, Accenture completed its acquisition of Schlumberger Business Consulting (SBC), the management consulting unit of Schlumberger. For the upstream oil and gas industry, SBC provides consulting services in strategy, operations, people and transformation, capital projects, and mergers and acquisitions.



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