Accenture has agreed to amass IQT Group, a supplier of engineering managed providers for giant infrastructure tasks, based mostly in Rovigo, Italy. The acquisition will mix Accenture’s generative AI and digital capabilities with IQT Group’s infrastructure tasks experience to assist purchasers plan, execute and handle net-zero infrastructure tasks extra effectively.
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IQT Group focuses on designing and supervising net-zero infrastructure tasks for electrical energy era and transmission. The corporate works carefully with utility suppliers, serving to each personal and public organizations construct and modernize built-in electrical energy and water networks. It additionally helps maximizing vitality effectivity of commercial and business websites, and designs and manages networks for telecom operators.
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IQT Group’s latest tasks have supported Italy’s clear vitality transition below the EU’s Nationwide Restoration and Resilience Plan (PNRR), which goals to modernize Italy’s infrastructure and improve vitality effectivity for a net-zero future.
The corporate’s providers cowl planning and execution of infrastructure tasks, from conducting feasibility research, dealing with environmental planning and permits, and setting technical specs, to making sure effectivity, security and sustainability all through the mission. Its greater than 450 consultants and engineers will be a part of Accenture’s rising infrastructure and capital tasks follow inside Business X in Italy.
Teodoro Lio, CEO of Accenture Italy and Market Unit Lead of Italy, Central Europe and Greece, mentioned: “The proposed acquisition of IQT Group confirms our intention to additional strengthen our place in Italy by enhancing our engineering experience and the providers associated to the implementation of strategic net-zero infrastructure tasks. Our groups intention to assist private and non-private firms within the utilities, vitality and telecommunications sectors with digital instruments to make their tasks extra environment friendly and productive. Finally, we’ll assist them construct a lower-carbon vitality system, which is not going to solely scale back the carbon footprint of utilities but additionally of the commercial worth chain it powers.”
Andrea Cavecchia, CEO of IQT Group, mentioned: “Our experience in engineering providers for electrical energy, water and telecommunications infrastructure and industrial and business websites mixed with Accenture’s world attain and digital capabilities, will permit us to increase our providers and supply even higher worth to our purchasers. Collectively we’ll pursue a sustainable future, constructed on good strategic infrastructure to reinforce the standard and security of individuals’s lives.”
Accenture has been strategically increasing its infrastructure and capital tasks functionality globally and in Europe. Final yr, it acquired U.S. advisory and administration firm Anser Advisory and consulting and Canadian program administration firm Comtech, and is now the seventh-largest skilled providers agency for infrastructure and capital tasks in North America. Earlier this yr, Accenture made its first acquisition on this area in Europe with BOSLAN in Spain, a administration providers supplier targeted on net-zero infrastructure.
Accenture’s latest acquisitions in Italy embody Fibermind, a community providers firm; Intellera Consulting, with experience within the nationwide consulting market devoted to the innovation of Public Administration; Ammagamma, a consulting firm with Italian excellence in innovation associated to Synthetic Intelligence (AI); and Buyer Administration IT and SirfinPA, two firms providing progressive providers and technological options within the fields of Justice and Public Safety.
The phrases of the transaction weren’t disclosed, and the acquisition is topic to customary closing circumstances, together with antitrust clearances.
Ahead-Wanting Statements
Apart from the historic data and discussions contained herein, statements on this information launch might represent forward-looking statements throughout the which means of the Non-public Securities Litigation Reform Act of 1995. Phrases reminiscent of “might,” “will,” “ought to,” “seemingly,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “tasks,” “believes,” “estimates,” “positioned,” “outlook,” “objective,” “goal” and related expressions are used to establish these forward-looking statements. These statements aren’t ensures of future efficiency nor guarantees that targets or targets will likely be met, and contain quite a few dangers, uncertainties and different components which are tough to foretell and will trigger precise outcomes to vary materially from these expressed or implied. These dangers embody, with out limitation, dangers that: Accenture and IQT Group will be unable to shut the transaction within the time interval anticipated, or in any respect, which relies on the events’ skill to fulfill sure closing circumstances; the transaction may not obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and should sooner or later be, adversely affected by unstable, destructive or unsure financial and geopolitical circumstances and the results of those circumstances on the corporate’s purchasers’ companies and ranges of enterprise exercise; Accenture’s enterprise depends upon producing and sustaining shopper demand for the corporate’s providers and options together with by the difference and enlargement of its providers and options in response to ongoing modifications in know-how and choices, and a major discount in such demand or an incapability to reply to the evolving technological atmosphere may materially have an effect on the corporate’s outcomes of operations; dangers and uncertainties associated to the event and use of AI may hurt the corporate’s enterprise, injury its popularity or give rise to authorized or regulatory motion; if Accenture is unable to match individuals and their expertise with shopper demand all over the world and appeal to and retain professionals with sturdy management expertise, the corporate’s enterprise, the utilization price of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; Accenture faces authorized, reputational and monetary dangers from any failure to guard shopper and/or firm information from safety incidents or cyberattacks; the markets wherein Accenture operates are extremely aggressive, and Accenture may not be capable to compete successfully; Accenture’s skill to draw and retain enterprise and staff might rely upon its popularity within the market; if Accenture doesn’t efficiently handle and develop its relationships with key ecosystem companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations could possibly be adversely affected; Accenture’s profitability may materially endure as a consequence of pricing strain, if the corporate is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies or fail to fulfill sure agreed-upon targets or particular service ranges; modifications in Accenture’s degree of taxes, in addition to audits, investigations and tax proceedings, or modifications in tax legal guidelines or of their interpretation or enforcement, may have a cloth hostile impact on the corporate’s efficient tax price, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations could possibly be materially adversely affected by fluctuations in overseas foreign money alternate charges; Accenture’s debt obligations may adversely have an effect on its enterprise and monetary situation; modifications to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements may adversely have an effect on its monetary outcomes; because of Accenture’s geographically various operations and technique to proceed to develop in key markets all over the world, the corporate is extra vulnerable to sure dangers; if Accenture is unable to handle the organizational challenges related to its measurement, the corporate may be unable to attain its enterprise goals; Accenture may not achieve success at buying, investing in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s enterprise could possibly be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s world operations expose the corporate to quite a few and typically conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to further dangers inherent within the authorities contracting atmosphere; if Accenture is unable to guard or implement its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the corporate loses its skill to make the most of the mental property of others, its enterprise could possibly be adversely affected; Accenture could also be topic to criticism and destructive publicity associated to its incorporation in Eire; in addition to the dangers, uncertainties and different components mentioned below the “Threat Components” heading in Accenture plc’s most up-to-date Annual Report on Kind 10-Okay and different paperwork filed with or furnished to the Securities and Alternate Fee. Statements on this information launch communicate solely as of the date they have been made, and Accenture undertakes no responsibility to replace any forward-looking statements made on this information launch or to evolve such statements to precise outcomes or modifications in Accenture’s expectations.
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