The P3 Group draws its clients primarily from the automotive, energy and public sector.

In 2019, the company split into Umlaut AG, still headquartered in Aachen, and P3 Global GmbH, situated in Stuttgart.

The company was founded in 1996 by Thomas Prefi, Christoph Theis and Thomas Weingarten as a spin-off company of the Fraunhofer Institute for Production Technology [de] (IPT) in Aachen, Germany.

The founding resulted from the successful development of a quality management concept for the former Daimler-Benz.

In order to specialize in specific industries, the company established subsidiaries, which together form the P3 group: Furthermore, the whole enterprise includes more international country subsidiaries: P3 also maintains nearshore technology locations: