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Accenture and Siemens have completed the formation of a joint venture company called OMNETRIC Group that will focus on smart grid solutions.

According to Accenture, OMNETRIC will bring together Siemens' smart grid products and solutions and Accenture's management and technology consulting, systems integration and managed-services capabilities.

The joint venture, Accenture adds, will provide utility companies with advanced smart grid solutions and services focused on data management and systems integration to help improve energy efficiency, grid operations and reliability. Accenture notes that the solutions will integrate operational technologies with IT systems to support smart metering, demand response and virtual power plants.

Accenture and Siemens have named Maikel van Verseveld the CEO of Munich-based OMNETRIC. Verseveld had been the managing director of Accenture Smart Grid Services in Europe, Africa and Latin America.

In addition, Martin Runge, who leads the Siemens Smart Grid Center of Competence for Central and Eastern Europe, has been appointed chief operating officer, and Carsten Speckmann, formerly head of supply chain management for Siemens Smart Grid, has been appointed chief financial officer.

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