Accenture and Siemens Form Joint Venture to Unlock Full Benefits of Smart Grids to Improve Energy Efficiency, Grid Operations

  Accenture and Siemens Form Joint Venture to Unlock Full Benefits of Smart
  Grids to Improve Energy Efficiency, Grid Operations and Reliability

   Newly formed Omnetric Group will bring together the best in information
    technology and operational technology capabilities from both companies

Business Wire

AMSTERDAM & NEW YORK -- October 15, 2013

Accenture (NYSE:ACN) and Siemens have entered into an agreement to form a
joint venture in the smart grid field that will work with utilities to improve
energy efficiency, grid operations and reliability.

The new company, named Omnetric Group, will provide the energy industry with
advanced solutions and services focused on data management and systems
integration. These solutions will integrate operational technologies – such as
distribution management and real-time grid operations – with IT systems
supporting smart metering, energy consumption and work and asset management.

“Combining the strengths of Siemens and Accenture will enable Omnetric Group
to deliver the highest level of expertise and execution to a rapidly evolving
global utility market,” said Jan Mrosik, CEO of Siemens’ Smart Grid Division.

Omnetric Group will bring together Siemens’ products and solutions;
Accenture’s management and technology consulting, systems integration and
managed-services capabilities. The companies’ IT and operational technology
solutions and extensive experience in the energy industry will help address a
range of challenges faced by energy utilities around the world.

“With an integrated approach incorporating operational and information
technologies, utilities can improve overall grid reliability and bridge the
gap to real-time grid control by integrating and implementing new and
previously isolated grid applications. This includes demand response, to
actively manage consumption; virtual power plants, to enable new profitable
business models; and meter data management, to enable usage transparency for
consumers,” Mrosik said.“We believe that no company will be able to help
manage this integration better than Omnetric Group, which will draw from the
very best industry know-how and IT experience.”

Jack Azagury, global managing director for Accenture Smart Grid Services,
said, “Utilities are seeking ways to increase capital effectiveness and reduce
their costs of operations while integrating new technologies such as
distributed renewable generation and electric vehicles into their electricity
networks. Doing so requires an enterprise view of systems and data through the
integration of traditional IT solutions with the operational solutions
required to manage the grid. Omnetric Group will be uniquely positioned to
help utilities realize the benefits of this IT and OT ‘convergence,’ which is
a critical step toward managing an increasingly complex and data-driven

Omnetric Group will begin operations pending regulatory approval and other
customary closing conditions. The company will be headquartered in Munich,
operating initially in Europe and the United States. Omnetric Group plans to
employ approximately 100 people in its first year, with further global
expansion planned in the future.

Financial details of the agreement are not being disclosed.

About Siemens

The Siemens Infrastructure & Cities Sector (Munich, Germany), with
approximately 90,000 employees, focuses on sustainable technologies for
metropolitan areas and their infrastructures. Its offering includes products,
systems and solutions for intelligent traffic management, rail-bound
transportation, smart grids, power distribution, energy efficient buildings,
and safety and security. The Sector comprises the divisions Building
Technologies, Low and Medium Voltage, Mobility and Logistics, Rail Systems and
Smart Grid. For more information, visit

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with approximately 275,000 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 is


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