Accenture (NYSE: ACN: 39.24, +0.17, +0.43%) has completed its acquisition of ATAN, expanding its automation and industrial information technology (IT: 20.31, -0.40, -1.93%) services capabilities. Terms of the deal were not disclosed.
ATAN, a privately held provider of industrial IT and automation solutions based in Belo Horizonte, Brazil, enhances Accenture's global capabilities in management consulting, systems integration and technology consulting within the global metals and mining, energy and utilities industries. The combined service offering will be named Accenture Automation and Industrial Solutions.
"The worldwide market for automation and industrial IT services is growing rapidly as rising commodities prices have led companies to make significant investments in their core operations," said Sander van't Noordende, group chief executive of Accenture's Resources operating group. "With this acquisition, Accenture benefits from ATAN's experience in helping companies make the most of their investments by combining the best practices in consulting with innovative approaches to the use of technology in industrial situations."
ATAN was founded in 1987 by two Brazilian engineers, Andre da Matta Machado and Alexandra Oliveira. The transition of ATAN'S approximately 500 employees to Accenture will enable the company to meet growing client demand for new technology solutions.
About Accenture
Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With more than 180,000 people in 49 countries, the company generated net revenues of US$19.70 billion for the fiscal year ended Aug. 31, 2007. Its home page is www.accenture.com.
SOURCE: Accenture
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