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Accenture Strengthens Embedded Software Expertise with Acquisition of Teamexpat

Accenture (NYSE: ACN) has acquired Teamexpat, an embedded software specialist for complex high-tech products and systems, headquartered in Eindhoven, the Netherlands.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240522555715/en/

Accenture has acquired Teamexpat, a Dutch firm focused on embedded software for the semiconductor industry. (Graphic: Business Wire)

Accenture has acquired Teamexpat, a Dutch firm focused on embedded software for the semiconductor industry. (Graphic: Business Wire)

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.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. 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Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 742,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

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