Accenture Intends to Acquire Stellantis' World Class Manufacturing Training & Consulting Business in Italy
Acquisition would strengthen Accenture's capabilities in business process optimization
MILAN; - Accenture (NYSE: ACN) has disclosed its intention to acquire Stellantis' World Class Manufacturing Training & Consulting business, a center of excellence that supports process optimization in manufacturing and the supply chain.
The acquisition would allow Accenture to integrate the World Class Manufacturing (WCM) methodology in its solutions that help clients transform their production and supply chain networks to be more efficient, sustainable and resilient. Additionally, the acquisition would bring WCM's training solutions for increasing manufacturing skills and building a culture of improvement at plants.
WCM is a structured, rigorous and integrated production methodology. It is based on 10 specific areas of the production system using appropriate tools to achieve excellence in each one - Safety, Cost Deployment, Focused Improvement, Autonomous Maintenance and Workplace Organization, Professional Maintenance, Quality Control, Logistic and Customer Service, Early Product and Equipment Management, Environment, People Development - and at a global level.
"The current macro-economic environment has increased the urgency to optimize business processes, particularly in manufacturing and supply chain," said Mauro Macchi, Market Unit Lead for Accenture in Italy. "We help our clients digitally transform business processes to maintain business continuity, achieve growth and become more sustainable. The team of WCM specialists will bolster our capabilities in this area by bringing a certified methodology and over 30,000 best practices to Accenture that can help our clients achieve tangible benefits faster. This approach also aligns with recent guidelines from Italy's Ministry for Economic Development regarding investments in Transition 4.0 under the National Plan for Recovery and Resilience (PNRR)."
Stellantis' WCM Training & Consulting competencies were foundational in optimizing production at the former Fiat Chrysler Automobiles (FCA) plants in Italy and around the world over the past twenty years. In addition, WCM supported companies in the aerospace and defense, automotive, consumer goods, and steel industries, helping them reach world-class levels of performance in their operations.
This transaction would Accenture's growth strategy, to acquire critical competencies in rapidly expanding key markets to help clients generate 360° value across their businesses.
Terms of the transaction were not disclosed. Completion of the acquisition is still subject to customary closing conditions and approvals.
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