Accenture has completed the acquisition of Flutura. The transaction’s terms were not disclosed when Accenture announced it on March 21, 2023. Accenture’s industrial AI services for clients in the energy, chemicals, metals, mining, and pharmaceutical industries are strengthened by the addition of Flutura.

Flutura will enhance Accenture’s industrial AI services to improve the performance of plants, refineries, and supply chains, allowing clients to meet their net zero goals more quickly. Accenture intends to offer Flutura’s services to clients in the energy, chemicals, metals, mining, and pharmaceutical industries. The terms of this transaction were not disclosed.

“Flutura democratizes AI for engineers, enabling manufacturing and other asset-intensive companies with the carbon intelligence to reduce emissions, energy consumption, and lost output due to unplanned downtime of industrial assets,” said Senthil Ramani, senior managing director and Accenture Applied Intelligence lead for Growth Markets. This acquisition will accelerate industrial AI-led transformation for our clients around the world, particularly in Australia, South-East Asia, Japan, Africa, India, Latin America, and the Middle East.”

Flutura CEO Krishnan Raman stated, “Our AI platform enables engineers to respond with agility to everchanging market and operating conditions.” We are excited to scale this as part of Accenture and assist more industrial clients in achieving high-value outcomes in their manufacturing operations.”

According to Accenture research presented at the 2023 World Economic Forum in Davos, companies need strong AI capabilities to build a digital core and become more successful. According to another Accenture study, most businesses are not AI-mature and have only scratched the surface of the technology’s potential.

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