Accenture (NYSE: ACN) has agreed to acquire Fibermind, an
Italy-based network services company, specializing in fiber and
mobile 5G networks deployment, as well as infrastructure
engineering services. The acquisition will strengthen Accenture’s
capabilities in the domain and extend network services to clients
across multiple industries, including telecommunications,
utilities, and transportation.
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Accenture has agreed to acquire
Fibermind, an Italy-based network services company, specializing in
fiber and mobile 5G networks deployment, as well as infrastructure
engineering services. (Graphic: Business Wire)
Headquartered in Rovigo, Italy, with operations throughout the
country, Fibermind has more than 20 years of experience serving
public and private sector clients, a strong partner ecosystem and
long-standing relationships with national authorities and
municipalities. Fibermind also has well-established client
relationships with Italy’s major mobile and fiber network
operators.
“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,” said Mauro Macchi, president and CEO of Accenture 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, with expertise spanning
network design, permits management, technical office and local
directive project management office (PMO) work, network acceptance
testing, network documentation and home connection.
“This acquisition will significantly strengthen our expertise in
the telecommunications network engineering services, boosting our
growth in a strategic sector for the country,” said Roberto
Pagella, who leads Accenture Operations in Italy. “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.”
Together, Accenture and Fibermind will offer clients network
engineering capabilities, deep industry knowledge, and technology
assets powered by automation, robotics, data and AI.
“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,” said Andrea Targa, general manager, Fibermind. “Four
years ago, we started on a path with our parent company, Maticmind,
to excel at ICT and to focus on enabling digital transformation for
our clients. Accenture shares this commitment to clients and
innovation, so together we’ll enable speed and quality in
delivering engineering services.”
The acquisition complements previous Accenture acquisitions in
Europe, including Arca, AFD.TECH and umlaut, aimed at building the
company’s infrastructure engineering scale and capability for 5G
and fiber in the region.
Terms of the transaction were not disclosed. 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,”
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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
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About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
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version on businesswire.com: https://www.businesswire.com/news/home/20240618163449/en/
Samuela Marti
Accenture
+39 329 1595781
samuela.marti@accenture.com
Armando Barone
Accenture
+39 348 5608969
armando.barone@accenture.com
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