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Accenture and Siemens have entered into an agreement to form Omnetric Group, a new joint venture the partners say will provide the energy industry with advanced solutions and services focused on data management and systems integration.

According to the companies, the 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.

Omnetric Group will bring together Siemens' products and solutions with Accenture’s management and technology consulting, systems integration and managed-services capabilities, the companies add.

“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,” says Jack Azagury, global managing director for Accenture Smart Grid Services. “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 utility.”

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 U.S. The joint venture plans to employ approximately 100 people in its first year, with further global expansion planned in the future. Financial details of the agreement were not disclosed.




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