Capgemini to acquire Piterion
Capgemini signed an agreement to acquire Piterion, a product lifecycle management (PLM) and Manufacturing Operations Management (MOM) specialist, in a move described as reinforcing Capgemini’s global PLM capabilities.
The announcement described plans to combine Piterion’s PLM and MOM expertise with Capgemini’s AI-driven analytics and Generative AI (GenAI) models, and it referenced agent-based tailored solutions for optimizing product lifecycles at scale.
Piterion focused on PLM and MOM work that involved interconnecting manufacturing systems and operating complex PLM landscapes. The company combined mechanical, electronic and software engineering to design and manage engineering application environments and embedded Artificial Intelligence (AI) into accelerators such as a data migration platform, 3D visualization and a deployment framework.
Founded in 2004 and headquartered in Stuttgart, Piterion had subsidiaries in Italy, Tunisia and India and a team of more than 200. “Clients are increasingly looking to optimize their industrial engineering processes through digitalization and AI. Piterion is a leading player in product lifecycle management and manufacturing operations management across the complex, multi-layered landscapes of global organizations,” said Michael Schulte, CEO of Capgemini Engineering and Group Executive Board Member at Capgemini.
“Along with world class industrial manufacturing expertise, we are supporting clients in similar sectors to Capgemini and our respective partnership ecosystems are highly complementary, making the Group a natural fit for Piterion,” said Ravi Nirankari, Co-Founder of Piterion. “Capgemini’s global scale and breadth of offerings will provide many varied projects and growth opportunities for our team members. We share the core values of Capgemini and are very excited at the prospect of joining the Group.”
The acquisition was expected to close in the coming months, subject to regulatory approvals and other customary conditions for a transaction of this nature.