IQT Group Joins Accenture in Strategic Infrastructure Expansion
Deal News | Dec 18, 2024 | Consultance.eu
Accenture has acquired IQT Group, an Italian engineering and consulting firm specializing in large infrastructure projects, marking its third acquisition in Italy this year. The deal, which will see over 450 IQT consultants and engineers join Accenture's Industry X practice, aims to bolster Accenture's capabilities in helping public and private sectors transition towards net-zero infrastructure in utilities, energy, and telecommunications. Earlier this year, Accenture also acquired Fibermind and Intellera Consulting as part of its strategic expansion in Italy and globally purchased Anser Advisory, Comtech, and Boslan.
Sectors
- Engineering and Consulting Services
- Utilities and Energy
- Telecommunications
Geography
- Italy – IQT Group is based in Rovigo, and this acquisition is part of Accenture's continued expansion in Italy.
Industry
- Engineering and Consulting Services – IQT Group provides engineering consulting and managed services for large infrastructure projects.
- Utilities and Energy – IQT Group works with utility providers on electricity generation and transmission.
- Telecommunications – IQT Group manages networks for telecom operators, which aligns with Accenture's broader strategy in digital and infrastructure sectors.
Financials
- Not disclosed – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Accenture | Acquirer | Companies | A global professional services company specializing in digital, cloud, and security. |
| IQT Group | Target company | Companies | An Italian engineering consulting company providing services for infrastructure projects. |
| Teodoro Lio | CEO of Accenture in Italy | People | Company spokesperson highlighting the strategic benefits of the acquisition. |
| Andrea Cavecchia | CEO of IQT Group | People | Company spokesperson emphasizing the synergies with Accenture. |