Accenture Strengthens European Foothold with Acquisition of Axis Corporate in Spain

Accenture Strengthens European Foothold with Acquisition of Axis Corporate in Spain

(IN BRIEF) Accenture (NYSE: ACN) has bolstered its European presence with the acquisition of Axis Corporate, a renowned Spanish management and technology consulting firm specializing in financial services. With a focus on strategy and technology, Axis Corporate brings expertise in areas such as retail and commercial banking, consumer finance, and payments. This acquisition enhances Accenture’s ability to assist companies in Spain in transforming their business models, managing costs efficiently, and accelerating product development. The addition of Axis Corporate’s approximately 110 professionals to Accenture’s Strategy & Consulting practice expands the company’s capabilities in operating model transformation, risk management, and digital strategy execution, further strengthening its position as a global leader in consultancy services for the financial industry.

(PRESS RELEASE) BARCELONA, 9-Apr-2024— /EuropaWire/ Accenture (NYSE: ACN) has acquired Axis Corporate, a Spanish management and technology business consulting firm specialized in financial services. Axis Corporate enhances Accenture’s strategy and technology offerings that enable companies in Spain to reinvent their business models, more effectively manage costs and develop new products faster.

Founded in 2005, Axis Corporate is headquartered in Barcelona, with offices in Madrid and Boston. It has long-standing relationships with many of the largest financial services firms in Spain, with expertise primarily in retail and commercial banking, consumer finance and payments. Axis Corporate’s approximately 110 specialized professionals will join Accenture’s Strategy & Consulting practice.

The company provides a wide range of advisory services, including operating model and cost transformation, talent and culture, finance, and sustainability. It also has strong risk management capabilities, with a special focus on helping banks better manage and recover non-performing assets and loans.

“As banks and other providers navigate a continually changing and highly competitive landscape, the need to transform their businesses to offer hyper-personalized and impactful digital customer experiences has never been greater,” said David Cordero, who leads Accenture’s Banking industry group in Europe. “Axis Corporate’s proven operating model expertise across the entire financial services value chain will bolster our ability to accelerate continuous reinvention at scale for our clients.”

Casimiro Gracia, executive chairman at Axis Corporate, said: “We have been a trusted partner to major financial services firms and other industries in Spain for almost 20 years, helping them to accelerate growth and operate more efficiently locally and globally. By joining Accenture, our people can expand their skillsets and participate in new large-scale transformation programs, including around core banking and risk, with clients across the world.”

Mercedes Oblanca, market unit lead for Accenture in Spain and Portugal, said: “With this acquisition, we will be in an even stronger position to help our financial services clients in Spain manage risk, adapt to change and deliver new services. We are delighted to welcome Axis Corporate’s talented team, with its strong track record of enabling companies to accelerate their digital strategies to maximize competitiveness.”

Terms of the transaction were not disclosed.

Forward-Looking Statements
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About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 742,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

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Accenture
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SOURCE: Accenture