We’re back once again with our weekly consulting M&A round-up. As you know, every week we bring you the latest news from in and around the consulting M&A world. And this week is no different. There have been quite a few deals that are the talk of the town, especially with Accenture’s new acquisition. We’ll delve into that and a few more deals during the week. So, let’s get started!
#1. Accenture buys climate change consultancy Carbon Intelligence
Accenture, one of the top IT consulting firms, has purchased Carbon Intelligence, a climate change consultancy. More than 160 individuals from the climate change strategy consulting firm join Accenture’s expanding team of data scientists, consultants, and sustainability experts.
Carbon Intelligence, a London-based firm established in 2011, focuses on assisting multinational corporations in lowering their overall carbon footprints using Science Based Targets Initiative (SBTi) initiatives. The company works closely with the SBTi to help clients in a variety of industries develop quantifiable strategies. It is also a key accredited partner to CDP, and it frequently receives recognition for its high-caliber work in assisting clients to measure and manage their emissions.
Accenture’s acquisition of Carbon Intelligence is an important addition because they are the best at measuring and managing emissions and providing trusted data-based insights that help clients meet science-based goals for reducing carbon emissions.
#2. SpendMend completes purchase of VIE Healthcare Consulting
SpendMend, a Grand Rapids, Michigan-based supplier of cost reduction consulting to the healthcare industry, has completed its acquisition of VIE Healthcare Consulting, a Wall Township, New Jersey-based boutique firm.
VIE Healthcare Consulting was established in 1999 to assist healthcare organizations in lowering non-labor costs such as those associated with IT services, commodities, and outside suppliers. Moreover, about 20 specialists in the consulting company have backgrounds in cost reduction, data, technology, and healthcare business analysis.
Speaking about the acquisition, the CEO of SpendMend was very optimistic and upbeat about the deal. He claimed that with the purchase of VIE, SpendMend will now be able to provide deeper visibility into the line-item detail which will help lead to material cost savings and stronger insight across many critical spend categories.
#3. IT consultancy Lucid Networks joins WeDoBusiness
WeDo Business Services has acquired IT consultancy Lucid Networks for an undisclosed fee. The IT advisory company now becomes part of the WeDo Digital brand.
Lucid Networks, founded in 2011, is an IT consulting firm specializing in the design and delivery of IT across multiple industries. The company’s two offices are located in Manchester and Edinburgh, and they work with clients throughout the United Kingdom to manage and support mission-critical IT systems in the datacenter, on-premise, and the cloud.
The acquisition of Lucid Networks will greatly help the WeDoBusiness group with a variety of IT services, from complex infrastructure projects and cyber security to backup hosting services and the implementation of day-to-day IT strategy.
#4. Bowman buys Anchor Consultants, adds marine capabilities
Anchor Consultants, a marine engineering firm situated in Chadds Ford, Pennsylvania, has been bought by Bowman Consulting, a national engineering consulting firm in the US.
Anchor Consultants was established in 2012 and offers engineering services for waterfront infrastructures, such as industrial ports, commercial and mixed-use waterfront complexes, ferry and cruise terminals, and military port facilities. The company’s services include feasibility studies, cost estimation, planning, underwater and aerial inspection and investigation, design, permitting, construction inspection and management, dredging, and claim and litigation support.
Speaking about the deal, the CEO of Bowman Consulting stated that ports and harbors are a critical component of USA’s infrastructure and acquiring Anchor will provide the firm with a solid platform to build their own presence and market share in this growing space.
This concludes the consulting M&A round-up for this week. Next week, we’ll be back with another round-up of consulting M&A news for you. Meanwhile, if you believe we overlooked any significant M&A consulting agreements for the week, please contact us and let us know. Thanks, and see you all soon!