Internet of Things consultancy Cimation, an affiliate of Audubon Engineering, has been snapped up by professional services giant Accenture.
Founded in 2009, Houston-based Cimation is known for its work in process automation, information technology (IT) and industrial control systems (ICS) cyber security.
Audubon is a global provider of EPCM services for the oil and gas, petrochemical, refining and pipeline markets.
As part of the transaction, Cimation’s 200 employees are expected to join the Accenture asset and operations services group.
The terms of the transaction were not disclosed.
“It has been an honor to watch Cimation grow from just ten people in 2009 to today’s robust business with strong future prospects for continued growth,” said Lee Beckett, managing partner and chief executive of Audubon.
He added: “Our clients can be assured that the high level of service they have come to expect from Audubon Companies and the full suite of innovative and flexible project solutions will not change. In fact, the proceeds from the sale will allow us to continue to invest in growth opportunities that further expand our diverse set of offerings.”
Simmons & Company International acted as exclusive financial advisor to Cimation and Audubon.