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Accenture PLC (ACN) - free report >>
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Accenture PLC (ACN) - free report >>
Charles River Associates (CRAI) - free report >>
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Accenture (ACN) Acquires Capabilities From Japan's Trancom ITS
Accenture plc (ACN - Free Report) announced last Friday that it has completed the acquisition of digital engineering and operational technology capabilities from Trancom ITS, a Japanese logistics technology services provider and subsidiary of the major Japanese logistics company, Trancom. Financial terms of the deal have been kept under wraps.
As part of the deal, Accenture Industry X in Japan has taken up around 190 Transcom ITS engineers specialized in cloud-based logistics systems and IoT, as well as sensor-technology-driven warehouse operations optimization.
The acquisition is expected to strengthen Accenture’s digital engineering, manufacturing and logistics capabilities to offer hyper-automation solutions at scale. It is a big move toward strengthening its offering related to digitizing engineering and manufacturing value chain in Japan.
The move makes sense, given that demand for increased efficiency and sustainability of operations is rising among manufacturing and logistics companies in Japan.
Accenture’s shares have lost 7.9% in the past year compared with 5.9% fall of the industry it belongs to and 12.6% decline of the Zacks S&P 500 composite.
Accenture PLC Price and Consensus
Accenture PLC price-consensus-chart | Accenture PLC Quote
Zacks Rank and Stocks to Consider
Accenture currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Avis Budget Group, Inc. (CAR - Free Report) , Cross Country Healthcare (CCRN - Free Report) and CRA International, Inc. (CRAI - Free Report) .
Avis Budget sports a Zacks Rank #1 at present. CAR has a long-term earnings growth expectation of 19.4%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Avis Budget delivered a trailing four-quarter earnings surprise of 102%, on average.
Cross Country Healthcare flaunts a Zacks Rank of 1 at present. CCRN has a long-term earnings growth expectation of 6.9%.
Cross Country Healthcare delivered a trailing four-quarter earnings surprise of 29.2%, on average.
CRA International carries a Zacks Rank #2 (Buy), currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 35.8%, on average.