Yahoo Finance Accenture Strengthens Embedded Software Expertise with Acquisition of Teamexpat
EINDHOVEN, Netherlands, May 23, 2024--(BUSINESS WIRE)--Accenture (NYSE: ACN) has acquired Teamexpat, an embedded software specialist for complex high-tech products and systems, headquartered in Eindhoven, the Netherlands.
An area Teamexpat focuses on is software development, testing and integration for lithography systems in the semiconductor industry. These systems use ultraviolet light to print the fine patterns on semiconductor materials that define the performance of microchips.
Teamexpat’s team of software experts join Accenture’s digital engineering team in the Netherlands. Their embedded software engineering expertise will strengthen Accenture’s smart, connected products capabilities for clients in the semiconductor sector and other discrete manufacturing industries. Teamexpat was founded in 2014.
"Software is redefining products across the semiconductor, high tech, aerospace & defense, automotive, industrial equipment and medical technology industries," said Frank Rennings, who leads Accenture’s digital engineering and manufacturing service, Industry X, in the Netherlands. "We’re witnessing a shift from mechanical engineering first to software engineering first. Teamexpat’s highly sought-after capabilities will allow us to help our Dutch and European clients in these sectors reinvent their businesses with smart, connected products and services."
"It is a unique time for the high tech industry as €43 billion of government incentives are dedicated to funding semiconductor innovation in Europe, driven by the growing need for advanced chips," said Guido D’hert, Accenture’s High Tech industry lead in Europe. "Teamexpat’s experts will bring valuable embedded software expertise to our clients looking to innovate in the fields of embedded systems and complex mechatronics."
Vinay Dasa, CEO and founder of Teamexpat, said: "We are looking forward to the opportunities that becoming part of Accenture will bring to our clients and team. Accenture’s global footprint and expertise will provide a scaling platform for our clients’ near- and off-shore embedded software development projects."
Other acquisitions Accenture has made to strengthen its embedded software, digital engineering and smart, connected products capabilities include international engineering services firm umlaut, German embedded software company ESR Labs, and Dutch product design and innovation agency VanBerlo.
Terms of the transaction were not disclosed.
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