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Accenture (ACN) Closes Acquisition of Eclipse Automation
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Accenture plc (ACN - Free Report) yesterday announced that it has snapped up Cambridge, Ontario, Canada-based customized manufacturing automation and robotics solutions provider, Eclipse Automation. The financial terms of the deal were kept under wraps.
Founded in 2001, Eclipse Automation is a developer of automated manufacturing systems used in the creation of sophisticated products for companies from various industries such as industrial equipment, life sciences, energy, automotive and consumer goods space. The company’s offerings include automation control systems, production machines and robots, with customized tooling manufactured in-house. It is now part of Industry X, Accenture’s digital engineering and manufacturing service.
Accenture’s Benefits
The buyout is part of Accenture’s bid to expand its digital engineering and manufacturing capabilities and offer automated product lines that use cloud, data and artificial intelligence, to its clients, making their factories smarter, more efficient and future ready.
Accenture will integrate its strong digital expertise with Eclipse’s advanced automation capabilities to enable clients to bring significant enhancements to their products. The company will provide training capabilities and technology to its clients to help them build a digital workforce.
Accenture’s shares are down 12.3% over the past year compared with a 9.6% decline in the industry it belongs to and an 11.6% fall of the Zacks S&P 500.
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Accenture (ACN) Closes Acquisition of Eclipse Automation
Accenture plc (ACN - Free Report) yesterday announced that it has snapped up Cambridge, Ontario, Canada-based customized manufacturing automation and robotics solutions provider, Eclipse Automation. The financial terms of the deal were kept under wraps.
Founded in 2001, Eclipse Automation is a developer of automated manufacturing systems used in the creation of sophisticated products for companies from various industries such as industrial equipment, life sciences, energy, automotive and consumer goods space. The company’s offerings include automation control systems, production machines and robots, with customized tooling manufactured in-house. It is now part of Industry X, Accenture’s digital engineering and manufacturing service.
Accenture’s Benefits
The buyout is part of Accenture’s bid to expand its digital engineering and manufacturing capabilities and offer automated product lines that use cloud, data and artificial intelligence, to its clients, making their factories smarter, more efficient and future ready.
Accenture will integrate its strong digital expertise with Eclipse’s advanced automation capabilities to enable clients to bring significant enhancements to their products. The company will provide training capabilities and technology to its clients to help them build a digital workforce.
Accenture’s shares are down 12.3% over the past year compared with a 9.6% decline in the industry it belongs to and an 11.6% fall of the Zacks S&P 500.
Accenture PLC Price
Accenture PLC price | 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) , Genpact Limited (G - Free Report) and CRA International, Inc. (CRAI - Free Report) .
Avis Budget sports a Zacks Rank #1 (Strong Buy) at present. CAR has an earnings growth rate of 108.4% for 2022. You can see the complete list of today’s Zacks #1 Rank stocks here.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
Genpact carries a Zacks Rank #2 (Buy) at present. G has a long-term earnings growth expectation of 12.3%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
CRA International flaunts a Zacks Rank of 1, currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 26%, on average.