Accenture Completes Acquisition of Consulting Firm Silveo
December 20 2019 - 4:29AM
Business Wire
Accenture (NYSE: ACN) has completed its acquisition of Silveo,
which was first announced on November 14. Silveo is a French
consulting company providing services and solutions for digital
manufacturing and intelligent supply chains based on software from,
for example, SAP and Dassault Systèmes. Headquartered in
Neuilly-sur-Seine, France, Silveo brings a team of 50
professionals, who are joining Accenture Industry X.0. Financial terms of the transaction were not
disclosed.
In its 2019 fiscal year, Accenture invested nearly US$1.2
billion globally on 33 acquisitions to acquire critical skills and
capabilities in strategic, high-growth areas of the market.
About Accenture Accenture is a leading global professional
services company, providing a broad range of services and solutions
in strategy, consulting, digital, technology and operations.
Combining unmatched experience and specialized skills across more
than 40 industries and all business functions — underpinned by the
world’s largest delivery network — Accenture works at the
intersection of business and technology to help clients improve
their performance and create sustainable value for their
stakeholders. With 492,000 people serving clients in more than 120
countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.
Accenture Industry X.0 helps businesses master the digital
reinvention of industry when they use advanced digital technologies
to transform core operations and unlock new revenue streams and
business models. We support every aspect of our clients’
multi-phase transformation, including workforce, customer
experience, R&D, engineering, manufacturing, business support,
and ecosystems. Visit
https://www.accenture.com/us-en/services/industryx0-index.
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,”
“expects,” “intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook” and similar expressions are used to
identify these forward-looking statements. These statements involve
a number of risks, uncertainties and other factors that could cause
actual results to differ materially from those expressed or
implied. These include, without limitation, risks that: the
transaction might not achieve the anticipated benefits for
Accenture; Accenture’s results of operations could be adversely
affected by volatile, negative or uncertain economic and political
conditions and the effects of these conditions on the company’s
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company’s results of operations; if Accenture is unable to keep its
supply of skills and resources in balance 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 could face legal,
reputational and financial risks if the company fails to protect
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the markets in which Accenture operates are highly competitive, and
Accenture might not be able to compete effectively; 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 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; Accenture’s results of
operations could be materially adversely affected by fluctuations
in foreign currency exchange rates; as a result of Accenture’s
geographically diverse operations and its growth strategy to
continue to expand in its key markets around the world, the company
is more susceptible to certain risks; Accenture’s business could be
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liability; Accenture’s work with government clients exposes the
company to additional risks inherent in the government contracting
environment; if Accenture is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; Accenture’s ability to attract and
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marketplace; if Accenture does not successfully manage and develop
its relationships with key alliance partners or fails to anticipate
and establish new alliances in new technologies, the company’s
results of operations could be adversely affected; Accenture might
not be successful at acquiring, investing in or integrating
businesses, entering into joint ventures or divesting businesses;
if Accenture is unable to protect 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’s results of
operations and share price could be adversely affected if it is
unable to maintain effective internal controls; 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;
many of Accenture’s contracts include fees subject to the
attainment of targets or specific service levels, which could
increase the variability of the company’s revenues and impact its
margins; Accenture might be unable to access additional capital on
favorable terms or at all and if the company raises equity capital,
it may dilute its shareholders’ ownership interest in the company;
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191220005014/en/
Bonnie Olivier Accenture +33 1 53 23 54 61
bonnie.olivier@accenture.com
Jens R. Derksen Accenture +491755761393
jens.derksen@accenture.com
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