PwC | May 05, 2020
PwC forms a strategic partnership with Cognite and OutSystems, to drive the acceleration of industrial digitalisation. The strategic partnership between PwC, Cognite and OutSystems will aim to deliver ‘unprecedented digital transformation solutions for manufacturing, energy and utility customers.’
“We’re looking forward to joining PwC, Cognite and other industry leaders to help customers take their businesses to the next level,” said Peter Dunlap, vice president of channels and alliances with OutSystems. “Transforming these industries using technology and innovation will be so important to so many people, and this partnership is uniquely positioned to drive value for these customers.”
As part of the partnership the three companies will strive to empower industrial data scientists and engineers to operationalise data and develop applications by abstracting complex data pipelines, contextualising data and application development tasks.
Kosmos Energy, Trafigura | June 29, 2020
Kosmos Energy (“Kosmos” or the “Company”) announced today that it has entered into a crude oil prepayment agreement (“Prepayment Agreement”) with Trafigura Trading LLC (“Trafigura”).
The Prepayment Agreement provides up to $200 million of crude oil sales primarily related to a portion of the Company's 2022 and 2023 Gulf of Mexico production, with $150 million committed by Trafigura. Kosmos expects to execute $50 million of advance crude oil sales in June 2020. Later this year, following the completion of the Prepayment Agreement conditions subsequent, an additional $100-150 million of advance crude oil sales is expected, subject to finalizing additional commitments for $50 million.
“At the start of the market downturn, Kosmos took decisive action to reduce costs, restructure hedges, and preserve liquidity. With this Prepayment Agreement, we have secured up to $200 million in additional liquidity to help us manage the business during this time of unprecedented volatility. This liquidity also gives us the flexibility to take advantage of opportunities that may arise in a dislocated market,” said Neal Shah, Chief Financial Officer.
businesswire | March 01, 2021
Accenture has plans to acquire Pollux. Pollux is a provider of industrial robotics and automation solutions. It is headquartered in Joinville, Brazil. The acquisition will help Accenture to expand and advance its capabilities for clients in consumer goods, pharmaceutical and automotive industries. It will be doing this in order to make their factories, plants, and supply chains more productive, safe, and sustainable in the long run. Also, the aim is to strengthen operations, digital manufacturing, and supply chain capabilities. Some of the recent acquisitions include technology consultancy SALT Solutions (Germany), Silveo (France), industrial operations consulting firm Myrtle (US), Callisto Integration (Canada), PLM Systems (Italy), and Enterprise System Partners (Ireland).
This instance is the first acquisition of Accenture in the field of an industrial robotics solutions provider. Through this acquisition, Accenture will encompass Pollux’s operations in Ecuador, Brazil, Canada, Mexico, and the United States. Pollux’s more than 290 professionals will join Accenture’s Industry X group. The group embeds intelligence that understands how clients run factories and plants, as well as design and engineer connected products and services.
Nigel Stacey, global lead for Accenture Industry X, mentions that automation and human + machine collaboration are digitally transforming manufacturing and supply chain operations. These activities will be more flexible, sustainable, resilient, and safe. These activities are set up to meet ever-changing customer demands in better ways. These benefits in practice involve a proper integration of information technology and operations technology. And this is what Pollux will allow Accenture to offer manufacturing clients.
Further to this, Renato Improta, Latin America lead for Accenture Industry X also added saying that Pollux’s expertise and experience in robotics and automation solutions will complement industry consulting skills in industrial IT and applied intelligence capabilities. This combination will enable delivering real-time supply chain and operations orchestration along with flexible manufacturing functions to clients.
In Brazil, Accenture newly purchased information security firm Real Protect and cloud specialist Organize Cloud Labs as well.