Kubota and Accenture Form New Joint Venture
August 31, 2022
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Kubota Corporation and Accenture($NYSE:ACN) PLC have formed a new joint venture company to accelerate the digital transformation of the Kubota group’s business model and operating infrastructure. The new company, to be called Kubota Accenture Digital Transformation Solutions Corporation, will begin operations on September 1, 2022. The joint venture will help Kubota to further its digital transformation journey by leveraging Accenture’s leading digital capabilities and technology expertise. This will enable Kubota to drive operational efficiencies, create new revenue streams and improve customer experiences. In turn, this will help Accenture to expand its footprint in the Japanese market and deepen its relationship with Kubota. The move is a win-win for both companies and is likely to have a positive impact on Accenture’s market and earnings in the long term.
On Tuesday, shares of Accenture PLC opened at $297.5 and closed at $292.5. Accenture and Kubota Corporation have formed a new joint venture, Kubota Accenture Agricultural Solutions LLC, to provide digital agriculture solutions in the United States and Canada. The joint venture will combine Kubota’s expertise in agricultural equipment and services with Accenture’s digital capabilities. The new company will develop and offer digital solutions that help farmers increase yields, reduce costs, and improve sustainability. The joint venture is the latest example of Accenture’s commitment to invest in growth areas such as digital agriculture. In recent years, the company has made significant investments in agricultural technology, including the acquisition of The Climate Corporation, a leading provider of digital agriculture solutions.
ACCENTURE PLC is a global professional services company with a strong focus on technology and innovation. The company’s fundamentals reflect its long-term potential, and its VI Risk Rating is low in terms of financial and business risk.
However, there are some potential risks in the business and financial areas that should be considered before investing.
Kubota Corporation, a Japanese company, and Accenture PLC, a professional services firm, have formed a joint venture. The new company, Kubota-Accenture Advanced Solutions Co., Ltd., will provide digital transformation services to manufacturers in a variety of industries. The joint venture is part of Kubota’s strategy to expand its business beyond agricultural equipment and into other areas such as construction, mining, and logistics. Kubota sees digital transformation as a key growth area, and Accenture has the expertise to help the company achieve its goals. The joint venture will be headquartered in Tokyo, and Accenture will hold a majority stake.
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