Accenture announced on Tuesday that it will acquire Flutura, a Bengaluru-based industrial artificial intelligence company.
According to exchange data, White Field Investment Fund SCPS purchased 1.70 lakh shares in a bulk transaction today at a price of Rs 315.80 per share.
Accenture, headquartered in Ireland, intends to offer Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries.
“Flutura will strengthen Accenture’s industrial AI services to improve plant, refinery, and supply chain performance while also enabling clients to achieve net-zero goals faster”, Accenture said in a statement.
“Flutura democratizes AI for developers. This acquisition will enable industrial AI-led transformation for our clients worldwide, especially in Australia, South-East Asia, Japan, Africa, India, Latin America, and the Middle East”, said Senthil Ramani, senior managing director, and Accenture Applied Intelligence lead for Growth Markets.
Accenture purchased the Japanese data science firm ALBERT last year.
Accenture’s other notable AI acquisitions include Analytics8 in Australia, Sentelis in France, Bridgei2i and Byte Prophecy in India, Pragsis Bidoop in Spain, Mudano in the United Kingdom, and Clarity Insights in the United States.
Flutura employs about 110 people who specialize in industrial data science services for factories and other asset-intensive businesses.
Also read: Media Mogul Rupert Murdoch, 92, To Wed For A Fifth Time
Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…
Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…
Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…
India has been chosen to host the prestigious 2029 World Police and Fire Games in…
Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…
PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…