|[April 08, 2014]
Accenture and Siemens Complete Formation of OMNETRIC Group - a Joint Venture Focused on Smart Grid Solutions
MUNICH --(Business Wire)--
Accenture (News - Alert) (NYSE:ACN) and Siemens have completed the formation of a joint
venture company called OMNETRIC Group.
OMNETRIC Group will bring together Siemens' (News - Alert) smart grid products and
solutions; Accenture's management and technology consulting, systems
integration and managed-services capabilities. It will provide utility
companies with advanced smart grid solutions and services focused on
data management and systems integration to improve energy efficiency,
grid operations and reliability.
These solutions will integrate operational technologies - such as
distribution management and real-time grid operations - with IT systems,
such as meter data management to support smart metering, demand response
to manage energy consumption and virtual power plants to enable load
management. This will provide utilities with an integrated view of their
systems and data, and support advanced analysis and decision making.
OMNETRIC Group is headquartered in Munich.
Accenture and Siemens have named Maikel van Verseveld, formerly managing
director of Accenture Smart Grid Services in Europe, Africa and Latin
America, as the chief executive officer of OMNETRIC Group. Martin Runge,
who leads the Siemens Smart Grid Center of Competence for Central and
Eastern Europe, has been appointed as chief operating officer. Carsten
Speckmann, formerly head of Supply Chain Management for Siemens Smart
Grid has been appointed chief financial officer of OMNETRI Group.
Accenture is a global management consulting, technology services and
outsourcing company, with approximately 289,000 people serving clients
in more than 120 countries. Combining unparalleled experience,
comprehensive capabilities across all industries and business functions,
and extensive research on the world's most successful companies,
Accenture collaborates with clients to help them become high-performance
businesses and governments. The company generated net revenues of
US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page
The Siemens Smart Grid Division (Nuremberg, Germany) offers power
providers, network operators, industrial enterprises and cities an
end-to-end portfolio with products and solutions to develop intelligent
energy networks. Smart Grids enable a bidirectional flow of energy and
information. They are required for the integration of more renewable
energy sources in the network. In addition, power providers can run
their plants more efficiently with data gained from Smart Grids.
Software solutions that analyze data from Smart Grids will continuously
gain importance. Thereby, the division uses in-house developments in
addition to systems from software partners. For further information
please see http://www.siemens.com/smartgrid.
About OMNETRIC Group
OMNETRIC Group is dedicated to the global delivery of integrated
information technology and operational technology solutions and
services, helping utility companies to achieve greater grid reliability
and efficiency. OMNETRIC Group is a joint venture between Siemens AG (News - Alert) and
Accenture. Combining Siemens' leading energy technology product
portfolio with Accenture's systems integration, consulting and managed
services capabilities, OMNETRIC Group can support clients with
innovative solutions wherever they may be on their path to a smarter
grid. For more information, visit www.omnetricgroup.com.
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