Accenture on Tuesday said it will acquire Germany-based Prion Group. The move will help the global technology and consultancy major to strengthen its product lifecycle management (PLM) services.
Prion Group provides PLM strategy and process consultancy, system implementation, data migration, application management and PLM as a managed service.
The acquisition will strengthen Accenture's PLM skills and enhance its ability to help clients deliver products to customers faster and more efficiently, Accenture said in a statement. However, no financial details were disclosed.
Founded in 1998 and headquartered in Stuttgart, Prion Group is a privately-held company with more than 330 employees. It has offices in Munich, Nuremberg, Zurich, Oxford, Portland, Detroit, Bangalore, Pune and Singapore.
"The combination of Prion Group's PLM specialist skills and Accenture's industrialised 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," Accenture Senior Managing Director Koen Deryckere said.
Completion of the acquisition is subject to customary closing conditions, the company said.