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[October 16, 2013]
United States : ACCENTURE and Siemens forms JV Named Omnetric Group [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) An agreement is signed by Accenture and Siemens to establish a joint venture in the smart grid field that will work with utilities to develop energy efficiency, grid operations and reliability.
The new company, named Omnetric Group, will offer the energy industry with innovative solutions and services concentrated on data management and systems integration. These solutions will add operational technologies such as distribution management and real-time grid operations with IT systems supporting smart metering, energy consumption and work and asset management.
Jan Mrosik, CEO of Siemens' Smart Grid Division said, 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 .
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 know-how in the energy industry will help tackle a variety of challenges faced by energy utilities all over the world.
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