Accenture Plans to Strengthen Fiber and 5G Services by Acquiring Fibermind

Accenture (NYSE: ACN) has announced its intention to acquire Fibermind, an Italy-based network services company renowned for its expertise in fiber and mobile 5G networks deployment as well as infrastructure engineering services. This strategic acquisition is expected to enhance Accenture's capabilities in these domains, offering expanded network services to clients across various industries, including telecommunications, utilities, and transportation.

Headquartered in Rovigo, Italy, Fibermind boasts over 20 years of experience in serving both public and private sector clients. The company has established a robust partner ecosystem and maintains long-standing relationships with national authorities and municipalities. Additionally, Fibermind has well-established client relationships with Italy’s major mobile and fiber network operators, making it a significant player in the Italian telecommunications sector.

According to Mauro Macchi, president and CEO of Accenture in Italy, "The acquisition of Fibermind reaffirms Accenture's commitment to continuously invest in strategic acquisitions that support and accelerate our clients’ transformations across key industry sectors in Italy. As a result of the acquisition, we will expand our capabilities to offer end-to-end network engineering services, delivering higher quality, greater innovation, and more rigorous cost management to our clients."

Fibermind will bring more than 400 highly qualified professionals to Accenture Operations. These professionals possess expertise in network design, permits management, technical office and local directive project management office (PMO) work, network acceptance testing, network documentation, and home connection. This influx of talent is expected to significantly bolster Accenture's network engineering services.

Roberto Pagella, who leads Accenture Operations in Italy, stated, "This acquisition will significantly strengthen our expertise in telecommunications network engineering services, boosting our growth in a strategic sector for the country. The synergies with Fibermind will allow us to create a center of excellence in engineering services where technology and data enhance and amplify human skills and knowledge."

With this acquisition, Accenture and Fibermind aim to offer clients advanced network engineering capabilities, deep industry knowledge, and technology assets powered by automation, robotics, data, and AI. Andrea Targa, general manager of Fibermind, expressed his enthusiasm for the acquisition, saying, "We welcome the opportunity to grow by joining Accenture and become part of its global network. The combination of our expertise and capabilities represents an important opportunity for us to strengthen our leadership in Italy and to expand outside the country."

Four years ago, Fibermind embarked on a path with its parent company, Maticmind, to excel in ICT and focus on enabling digital transformation for its clients. Targa added, "Accenture shares this commitment to clients and innovation, so together we’ll enable speed and quality in delivering engineering services."

This acquisition complements Accenture's previous acquisitions in Europe, including Arca, AFD.TECH, and umlaut, all aimed at building the company’s infrastructure engineering scale and capability for 5G and fiber in the region. The financial terms of the transaction have not been disclosed. The completion of the acquisition is subject to customary closing conditions, including required antitrust clearances.

Forward-looking statements within this news release, identified by words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "goal," and "target," are not guarantees of future performance. These statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. These risks include the potential delay or failure to close the transaction, the transaction not achieving anticipated benefits, and various economic, political, and operational risks affecting Accenture’s business. Further details on these risks can be found in Accenture plc's most recent Annual Report on Form 10-K and other documents filed with the Securities and Exchange Commission.