Accenture buys IoT engineering specialist Nytec
Accenture has entered an agreement to acquire Nytec, a Kirkland, Washington–based product innovation and engineering firm. Financial terms of the deal were not disclosed.
Accenture Industry X.0, which helps businesses transform industry with advanced digital technology, has been bolstered by a raft of strategic acquisitions as the management and tech consulting giant continues to snap up firms across its vast practice areas.
In the US, Industry X.0 recently added Pillar Technology, which develops software for the automotive industry, and Mindtribe, a hardware engineering firm. In Europe, the division was recently bolstered by the acquisition of German strategic design consultancy designaffairs, manufacturing tech consultancy Zielpuls (Germany), and life sciences industry advisor Enterprise System Partners (Ireland).
The acquisition of Nytec will expand Industry X.0’s ability to innovate internet of things (IoT)-enabled experiences from idea through to realization. Founded in 1975, Nytec brings deep expertise in software platform development and engineering required to build IoT infrastructure for clients in consumer tech, industrial high-tech, travel and hospitality, consumer goods, and services.
Nytec is Carnival’s primary hardware partner for its Ocean Medallion wearable IoT tech which powers a new connected experience on the company’s cruises.
The firm has 250 professionals across US offices in Kirkland, WA, Miami, and Houston, as well as two locations in India.
“Our designers, engineers, and manufacturing experts translate complex problems into compelling, simple solutions that deliver the ultimate user experience,” said Rich Lerz, CEO of Nytec. “Becoming part of Accenture Industry X.0 will allow our team to scale services for our clients and get access to the best brands in the world.”
Nytec’s end-to-end product innovation center (PIC) in Kirkland – which offers design, prototype development, and engineering services for manufacturing – will join Accenture’s network of 20 “Forge” facilities which offer similar services. Accenture plans to expand the Kirkland facility in the future.
“Our ambition is to become a key partner for clients wanting to transform their business through innovation that is coming from the fusion of software, physical products and connectivity,” said Craig McNeil, Accenture Industry X.0 lead, North America. “We’ve been building the skillset to deliver on this ambition, in part through our acquisitions of hardware engineering company Mindtribe and embedded software development firm Pillar Technology, and with Nytec we will continue to expand it.”
