Accenture (NYSE: ACN) has agreed to acquire AOX, a Villingen-Schwenningen, Germany-based company specializing in embedded software for carmakers and their suppliers.
The amount of the deal was not disclosed.
The acquisition will enhance Accenture’s capabilities to help automotive clients solve challenges they are facing in their transition to software-defined vehicles.
Led by CEO Rainer Oder, AOX designs and develops the complex system architectures and software that increasingly enable and define the performance and features of todays’ vehicles. The company helps carmakers and suppliers master the shift from traditional software engineering to integrated scalable architectures, crucial to stay competitive, leading to a faster go-to-market strategy, with improved and less fault-prone software features and products.
Clients are major German car manufacturers and large automotive suppliers. The company has offices in Karlsruhe, Rosenheim, and Wetzlar. Its team of more than 50 professionals will become part of Accenture’s Industry X engineering team.
FinSMEs
10/12/2024