Accenture to Acquire Italian Network Services Company Fibermind

Accenture to Acquire Italian Network Services Company Fibermind

(IN BRIEF) Accenture has agreed to acquire Fibermind, an Italy-based company specializing in fiber and mobile 5G network deployment and infrastructure engineering services. This acquisition will enhance Accenture’s network services capabilities for clients in telecommunications, utilities, and transportation. Fibermind brings over 400 professionals and extensive expertise to Accenture, aiming to create a center of excellence in engineering services. This move complements Accenture’s previous European acquisitions and underscores its commitment to innovation and client transformation. Terms of the deal were not disclosed, and it is subject to customary closing conditions.

(PRESS RELEASE) MILAN, 19-Jun-2024 — /EuropaWire/ — Accenture (NYSE: ACN) has announced its agreement to acquire Fibermind, an Italy-based company specializing in fiber and mobile 5G network deployment and infrastructure engineering services. This acquisition aims to enhance Accenture’s capabilities in network services, benefiting clients across various industries such as telecommunications, utilities, and transportation.

Fibermind, headquartered in Rovigo, Italy, operates nationwide and has over 20 years of experience serving public and private sector clients. The company has established strong partnerships with national authorities and municipalities and maintains significant client relationships with Italy’s major mobile and fiber network operators.

Mauro Macchi, President and CEO of Accenture in Italy, stated, “The acquisition of Fibermind underscores Accenture’s commitment to strategic investments that support and accelerate client transformations across key industry sectors in Italy. This will allow us to expand our end-to-end network engineering services, delivering higher quality, greater innovation, and more effective cost management.”

Fibermind brings over 400 professionals to Accenture Operations, with expertise in network design, permits management, project management office work, network acceptance testing, network documentation, and home connection services.

Roberto Pagella, head of Accenture Operations in Italy, commented, “This acquisition will significantly enhance our telecommunications network engineering services, boosting our growth in a strategic sector for the country. The synergies with Fibermind will help us create a center of excellence in engineering services, where technology and data amplify human skills and knowledge.”

Accenture and Fibermind together will offer clients advanced network engineering capabilities, deep industry expertise, and technology assets powered by automation, robotics, data, and AI.

Andrea Targa, General Manager of Fibermind, expressed enthusiasm for the merger: “Joining Accenture represents a significant opportunity to strengthen our leadership in Italy and expand internationally. Our shared commitment to client innovation and digital transformation will enable us to deliver superior engineering services with speed and quality.”

This acquisition complements Accenture’s previous acquisitions in Europe, including Arca, AFD.TECH, and umlaut, aimed at enhancing the company’s infrastructure engineering scale and capability for 5G and fiber in the region.

The terms of the transaction have not been disclosed, and completion of the acquisition is subject to customary closing conditions, including required antitrust clearances.

Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture and Fibermind will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

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.

Media Contacts:

Samuela Marti
Accenture
+39 329 1595781
samuela.marti@accenture.com

Armando Barone
Accenture
+39 348 5608969
armando.barone@accenture.com

SOURCE: Accenture