As part of its efforts to further expand service delivery capabilities, Accenture has acquired T A Cook, a consultancy specializing in asset performance management.
Commenting on the development, Arvian Research said the financial terms were not disclosed. “The acquisition will strengthen Accenture’s capabilities for improving asset performance, increasing safety, and reducing environmental impact and cost in the chemicals, life sciences, metals and mining, and oil and gas industries,” said Arvian Research.
The acquisition will Accenture get access to T A Cook’s team of 130 consultants, engineers, and development coaches. The team will join Accenture’s Industry X group, strengthening its services for digitizing clients’ engineering functions, asset performance management, factory floors, project management office services and plant operations.
“With T.A. Cook, we continue to grow our intelligent asset management capabilities that help clients automate processes, build predictive maintenance capabilities, reduce waste, increase utilization and, ultimately, redefine how they operate plants and factories for sustainable growth,” said Nigel Stacey, global lead for Accenture Industry X.
T.A. Cook provides services in data-driven maintenance, operations, and asset life cycle management including a proprietary as-a-service reliability solution. It is headquartered in Berlin, Germany, and has additional offices in Canada, Hong Kong, and the United States. Its capital projects skills support clients looking to increase capacity and reduce cost through large investments in manufacturing plants and technology.
Expressing happiness over the acquisition, T A Cook Cofounder Frank Uwe Hess said the team is excited for the opportunity to scale change management capabilities.
“The acquisition will help us to utilise technology and process knowledge across Accenture’s global network, while expanding our combined digital manufacturing and operations offerings to even more clients,” said T A Cook Cofounder Frank Uwe Hess.