Accenture plc ACN yesterday announced that it has inked a deal to acquire Myrtle Consulting Group, an industrial operations consulting firm. The deal closure is subject to customary closing conditions. Financial terms of the deal have been kept under wraps.
Headquartered in Houston, TX, Myrtle specializes in optimizing clients’ production, supply-chain operations, sourcing and execution. The company is also equipped with change management methodology, organization design and implementation, leadership development, and frontline coaching services.
Edwin Bosso, CEO and founder of Myrtle, will be joining Accenture as managing director. Employees of Myrtle will join Accenture Industry X.
Over the past six months, shares of Accenture have gained 28.3% compared with 26.6% rise of the industry it belongs to and 24.1% growth of the Zacks S&P 500 composite.
How Will Accenture Benefit?
The buyout will help Accenture boost its manufacturing and supply-chain capabilities. It is likely to enhance Accenture’s potential to transform
Accenture (NYSE: ACN ) has agreed to acquire Avenai, an Ottawa-based provider of consulting and technology services. Financial terms were not disclosed.
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Accenture to acquire Avenai (Photo: Business Wire)
With Avenai’s significant focus on the public sector market, the acquisition will enhance Accenture’s capacity to drive the technology transformation taking place across the public sector in Canada.
“COVID-19 is leading many Canadian organizations to accelerate their technology transformations to ensure they come out ahead in this new reality, and that’s why we are adding significantly to our team of experts in Ottawa,” said Jeffrey Russell, president of Accenture in Canada. “We look forward to working with the Avenai team to help our clients transform to meet the challenges of today and the future.”
Mark Lambert, managing director and federal public service practice lead in
Accenture (NYSE: ACN) has agreed to acquire Myrtle Consulting Group (“Myrtle”), an industrial operations consulting firm headquartered in Houston. Myrtle partners with leading companies across consumer products, life sciences, chemicals, mining and other heavy manufacturing industries to produce and distribute goods in a safer, more efficient and sustainable way.
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Accenture has agreed to acquire industrial operations consulting firm Myrtle Consulting Group (Photo: Business Wire)
The acquisition will expand Accenture’s manufacturing and supply chain capabilities. Specifically, it will strengthen Accenture’s ability to transform these areas for clients from initial value assessments and operating model strategies to new business processes and technology solutions. Myrtle’s team will join Accenture Industry X, which helps clients improve how they operate factories and plants.
Nigel Stacey, global lead of Accenture Industry X, said: “Cost, quality and safety remain a constant and rising challenge for manufacturing