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B2B News for Monday, July 25. 2022:  Accenture Acquisition Highlights On-Shoring Trend, More HVAC Merger and Acquisition Activity

The long predicted on-shoring trend is starting to show in mergers and acquisitions. Accenture will acquire Eclipse Automation. Eclipse provides customized manufacturing automation and robotics solutions from its headquarters in Cambridge. Financial terms of the deal remain undisclosed.

“Technology, data and AI are fundamentally transforming every part of a company,” said Aaron Saint, North America lead for Industry X at Accenture. “This includes engineering and manufacturing, our clients’ next digital frontier. With Eclipse Automation, we will combine advanced automation capabilities with our deep digital expertise. This will position Accenture better than ever to help our clients reimagine their products and how they make them.”

The leaner, smaller and more efficient means of production are behind the on-shoring solutions.

“Many companies are bringing production back home to Canada and the US due to global supply chain disruptions,” Jeffrey Russell, President of Accenture in Canada. “This gives them a unique opportunity to reinvent manufacturing with digital technologies and advanced automation. With Eclipse Automation, Accenture will provide technology and training capabilities that our clients need to develop a digital industrial workforce in markets where manufacturing skills are scarce.”

Press release: https://www.accenture.com/ca-en/about/newsroom/company-news-release-accenture-intent-acquire-eclipse

TAKKION has announced its intention to expand into Canada. The Dallas-based company is an independent service provider of logistics, O&M, and technical repair and remanufacturing services to the renewable energy industry. The company plans to start operations with customers in Ontario and Alberta first.

“We are pleased to announce this next step in our expansion plans, broadening the geographic scope in which we can serve our customers. As we continue our multi-year strategy of building the leading ISP in the market through a series of acquisitions and organic growth strategies, we believe now is the right time to expand our geographic reach into Canada. We are fortunate to be supporting several of our closest customer relationships as we expand into the region. We look forward to supporting many more customers over time with our integrated services offerings across all of our businesses.” said Jim Orr, CEO of TAKKION.

Press release: https://www.prnewswire.com/news-releases/takkion-announces-international-expansion-into-canada-301592002.html

Innovations in heating, ventilation and air conditioning, or HVAC, are one route to surviving global warming. Activity in the industry has seen a number of mergers and acquisitions this year.

Most recently, Tech24 has acquired TEMCO. Tech24 provides repair and maintenance services for foodservice and commercial HVAC equipment. The acquisition comes with the support of HCI Equity Partners.

TEMCO is Tech24’s ninth acquisition.

TEMCO, based in Jackson, Mississippi, provides repair and maintenance services for commercial kitchen and HVAC equipment. The acquisition will provide Tech24 with geographic expansion to the Southeast, new talent and expanded exposure to attractive customers.

“We are thrilled to welcome TEMCO to the Tech24 organization,” said Dan Rodstrom, CEO of Tech24. “The combination of our companies allows us to enter the rapidly growing Southeastern market and extend our well-known services to a broader set of customers. We look forward to working with Duane Griffin, Mike Reed and the entire TEMCO organization.”

Press release: https://www.prnewswire.com/news-releases/hci-equity-partners-backed-tech24-acquires-temco-inc-301591300.html

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Kate Baggott
Kate Baggott
Kate Baggott is a former Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Find links to recent articles by following her on LinkedIn https://www.linkedin.com/in/kate-baggott-9a0306/