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Accenture to acquire product innovation firm Nytec

Accenture PLC will acquire Nytec Inc., a product innovation and engineering company headquartered in Kirkland, Washington with 250 employees.

Upon closing, Nytec will become part of Accenture Industry X.0, Accenture's digital industry services division.

Nytec is expected to add expertise in software platform development and engineering needed to build the underlying Internet of Things infrastructure and systems for clients in consumer tech, industrial high tech, hospitality, travel, and consumer goods and services industries, Accenture said in a release.

The transaction is subject to customary closing conditions. Financial terms of the deal were not disclosed.