Accenture acquires Umlaut (part of P3 Group) – the next big move by a global C&SI provider into the German engineering services market

Back in summer 2019, Capgemini announced the acquisition of Altran. This was the first big move we saw from a global consulting & systems integration (C&SI) provider towards becoming a leading player in the German engineering services market. After a “time-out due to Corona” in 2020, the next big step was the acquisition of ESG Mobility, the automotive business of ESG Elektroniksystem- und Logistik-GmbH, by Cognizant in March 2021 (click here for more details on this acquisition). And now we see another bold move by a global C&SI provider, Accenture, with the acquisition of Umlaut. Umlaut is not that well-known in the market as a brand, but it makes up the biggest part of P3 Group (4,200+ employees), which was split into two companies (Umlaut and P3) at the end of 2019. They probably already had plans back then to sell Umlaut in the near future, and the pandemic delayed the acquisition by Accenture, which has now been announced. Exempt from the transaction are the attractive electromobility business and the Android Automotive topic, which will remain under the umbrella of P3. It is worthy of note that all three acquired companies (Altran, ESG Mobility, and Umlaut) had previously been among the top providers in the German engineering services market.