- Accenture PLC (NYSE:ACN) agreed to acquire Aachen, Germany's engineering consulting and services firm, umlaut.
- The financial terms of the transaction remain undisclosed.
- The acquisition will scale Accenture's engineering abilities to help companies employ digital technologies like cloud, artificial intelligence, and 5G.
- Accenture held $9.2 billion in cash and equivalents as of Feb. 28, 2021.
- Price action: ACN shares traded higher by 0.99% at $285.28 in the premarket session on the last check Monday.
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