Welcome back to another weekly round-up of consulting M&A news! You know how we do it, we’ve got some juicy deals to cover this week including some major acquisitions from the big guns such as Accenture, Heidrick & Struggles, and a few others.
It’s always exciting to see the consulting landscape evolve and these mergers and acquisitions are a great indicator of where the industry is headed. So, let’s dig in and see what these companies have been up to this week.
#1. Accenture buys Indian industrial technology company Flutura
Accenture, a global consulting and technology organization, has purchased Flutura, a Bangalore-based industrial technology company with around 110 employees.
Flutura was founded in 2012 by Derick Jose, Krishnan Raman, and Srikanth Muralidhara. The company specializes in industrial data science services for asset-intensive industries like energy, chemicals, manufacturing, and heavy engineering.
Accenture will strive to incorporate Flutura’s offerings into its broader global operations, thereby preparing the platform for continued international expansion. The corporation has its sights set on Australia, South East Asia, Africa, Latin America, and the Middle East in particular.
#2. Heidrick & Struggles acquires purpose consultancy businessfourzero
Heidrick & Struggles has announced that it has entered into an acquisition agreement with businessfourzero.
Businessfourzero, a London-based consultancy specializes in establishing and implementing purpose-driven change. By acquiring the company, Heidrick & Struggles wants to improve its existing leadership advisory services and expedite the company’s capacity to assist customers in achieving successful business transformations by tying together purpose, strategy, leadership, and culture.
Moreover, the acquisition will provide Heidrick & Struggles with access to approximately sixty experts, enhancing its culture and organization solutions.
#3. Sustainability consultancy Xynteo lands growth-focused investment from Leon Capital
Leon Capital has made a substantial investment in Xynteo, a consultancy firm specializing in energy transition, sustainability, and ESG issues.
Xynteo offers sustainability consulting services to businesses seeking to address social and environmental problems. The company is headquartered in Norway and also has offices in the United Kingdom and India. Xynteo’s most prominent clients include Visa, Horizon, Shell, and Unilever.
Xynteo will utilize the unspecified investment amount to further its stated objective of assisting businesses in growing in a sustainable manner.
#4. Accenture acquires French risk management consultancy Optimind
Accenture has purchased Optimind, a French financial services-focused management consulting firm. Moreover, the acquisition adds around 350 consultants to its presence.
Since its inception in 2000, Optimind has provided multinational corporations, insurance companies, and banks with risk management services that range from implementation, regulatory compliance, and technology adoption to strategy and quantitative modeling. A subsidiary of Optimind also offers risk outsourcing services.
This purchase strengthens Accenture’s position as one of the top management consulting firms for financial services customers in Europe, bringing its unique end-to-end solutions to new levels of speed and scale.
#5. Acacia Group combines portfolio assets to create IT consultancy Kopius
The Acacia Group, an investment business based in Tysons, Virginia that specializes in digital transformation consultancies, has launched the “dual shore” IT consulting firm Kopius by combining Seattle-based Valence and the Latin American subsidiary of MajorKey.
Meanwhile, newly established Kopius will have offices in Seattle and Buenos Aires, as well as more than 600 specialists. The organization will provide comprehensive digital strategy and user experience, technological solutions, engineering, and operational services.
Lean transformation roadmaps, cloud strategy, cloud application development, AI/ML, data and analytics, quality assurance, and managed operational services are among the services provided.
The launch of Kopius reflects Acacia Group’s strategy of establishing stronger businesses that generate new opportunities for their employees and have a greater impact on their clients.
Closing Thoughts
As we come to the end of another week, it’s time for us to say farewell for now. But don’t worry, we’ll be back next week with more exciting news from the world of consulting M&A.
We hope that you’ve found our latest round-up informative and insightful. But if there are any deals that we’ve missed, please don’t hesitate to get in touch and let us know. We always appreciate hearing from our readers, and we’re committed to bringing you the latest news from the consulting industry.
So, until next time, take care and stay tuned!
