Accenture (ACN) Buys SYSTEMA to Support Manufacturing Automation for Semiconductor Clients

Accenture plc (NYSE:ACN) is one of the 11 Best Foreign Stocks to Buy According to Hedge Funds. On July 1, Accenture plc (NYSE:ACN) reported that it has acquired SYSTEMA, a company that is headquartered in Dresden, Germany, and provides software solutions and consulting services for manufacturing automation.

SYSTEMA has a lot of experience working with semiconductor manufacturers and other high-tech companies. This experience will help Accenture plc (NYSE:ACN) better support its clients in these industries.

SYSTEMA specializes in digitally connecting both current and legacy production equipment and systems. The company’s expertise also includes upgrading and extending traditional manufacturing execution systems (MES) with data analytics and optimization capabilities. These capabilities help increase output and optimize costs.

Christina Raab, market unit lead for Accenture plc (NYSE:ACN) in Austria, Switzerland, and Germany, pointed out that making semiconductors is complicated and highly specialized. She noted that SYSTEMA’s expertise will help Accenture plc (NYSE:ACN) grow its business and its capabilities in ways the company could not have done on its own.

Headquartered in Dublin, Ireland, Accenture plc (NYSE:ACN) is a leading global professional services company that specializes in information technology (IT) services and management consulting.

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Disclosure: None. This article is originally published at Insider Monkey.