Accenture Expands SAP and Supply Chain Capabilities with Acquisition of Camelot Management Consultants

Accenture M&A Hits 30 In 2024 With Buy Of SAP Partner Camelot Management Consultants

Accenture's acquisition spree in 2024 continued Tuesday as the solution provider giant buys SAP consulting specialist Camelot Management Consultants, marking its 30th purchase this year. The acquisition engine at Accenture is on full throttle in 2024 as the solution provider powerhouse unveiled the purchase of SAP consulting specialist Camelot Management Consultants. The purchase of Germany-based Camelot marks the 30th acquisition for Accenture this year, whose sales are currently on a $66 billion annual run rate. Camelot was recently named a top SAP Digital Supply Chain Focus partner within SAP's Diamond initiative for the second consecutive year. This year may be Accenture's largest acquisition year ever as CRN has tracked a total of 30 acquisitions in 2024 for Accenture thus far. Purchases this year span the gamut of IT as well as global footprint -- ranging from Boston-based supply chain company OnPress Technology and New York-based cloud MSP Navisite to London-based cloud security consultancy 6point6 and Italy-based generative AI specialist Ammagamma. Camelot Management Consultants is an international SAP-focused management and consultant firm that focuses on supply chain, data and analytics. [Related: HPE-Juniper Networks $14B Merger: EU To Make Key Decisions By August] The goal is for Camelot to significantly boost Accenture's SAP and AI-driven supply chain capabilities to help customers build more resilient and intelligent supply chains. Camelot will also help drive sales in analytics, data strategy and modernization by helping Accenture customers build a strong foundation for accelerating the adoption of AI. Christina Raab, market unit lead for Accenture in Germany, Austria and Switzerland, said in a statement that many organizations struggle to navigate global disruptions, comply with evolving regulations, meet rising customer expectations and keep pace with technological developments. "Driving value faster requires extraordinary flexibility and a reinvention of traditional approaches," said Raab. "With Camelot's deep supply chain expertise, we will be even better equipped to help organizations thrive amid disruption to stay relevant and grow." In May 2023, Accenture acquired a similar SAP-focused consulting specialist with the purchase of Norway-based Einr. Accenture does not provide any financial numbers for its acquisitions. In July, Accenture acquired Excelmax Technologies, an India-based semiconductor design services provider. Excelmax provides custom silicon solutions used in consumer devices, data centers, artificial intelligence and computational platforms that enable edge AI deployments to clients in the automotive, telecommunications and high-tech industries. Excelmax looks to boost Accenture's evolution around generative AI, specialized chips and silicon development. Accenture also acquired Minnesota-based retail technology services Logic in July. Logic operates in 11 countries and serves more than 150 retail clients on a global basis with capabilities in cloud computing, analytics, stores and merchandising. Logic brings 800 professionals with knowledge in retail-focused technical strategies into Accenture. "We have built our expertise in making strategic acquisitions over the last decade, leveraging a strong balance sheet. We have used this expertise to expand into new growth areas, scale in hot areas and geographies and continue to build strength in our industry and functional consulting," said Accenture CEO Julie Sweet during the company's third-quarter earnings call in June. "And then finally, remember we invest in acquisitions to drive organic growth. So it's all about future growth."

Accenture to Acquire Camelot Management Consultants to Expand SAP and Supply Chain Capabilities

Accenture (NYSE: ACN) has agreed to acquire Camelot Management Consultants, an international SAP-focused management and technology consulting firm from Germany, with specific strengths in supply chain, data and analytics. The acquisition will further enhance Accenture's SAP and AI-driven supply chain capabilities, helping clients build the intelligent and resilient supply chains that today's business landscape demands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240718196863/en/ The firm's deep expertise in supply chain management will bolster Accenture's ability to drive the reinvention of its clients' entire supply chains. Camelot will also bring experience in analytics, data strategy and modernization, helping organizations build a strong foundation for accelerating the adoption of AI. Research from Accenture shows only 9% of companies use AI and generative AI widely across their supply chains, and the adoption of the technologies correlates with higher profitability. "Today, we are seeing a surge in demand for data and analytics services in supply chain management, strongly driven by increased market volatility and the need for companies to make their logistics more efficient," said Tobias Regenfuss, Technology lead Austria, Switzerland and Germany, Accenture. "With our acquisition of Camelot, we will further enhance our capabilities and services to help our clients use technology to address complex and pressing business needs and drive additional value." Christina Raab, market unit lead for Accenture in Germany, Austria and Switzerland, added, "Many organizations struggle to navigate global disruptions, comply with evolving regulations, meet rising customer expectations and keep pace with technological developments. Driving value faster requires extraordinary flexibility and a reinvention of traditional approaches. With Camelot's deep supply chain expertise, we will be even better equipped to help organizations thrive amid disruption to stay relevant and grow." Founded in 1996, Camelot is a leading SAP partner in Germany, Austria and Switzerland with a broad client portfolio of large and midsize companies in the chemicals, life sciences, consumer goods and industrial manufacturing industries. With headquarters in Mannheim, Germany, Camelot also has offices in the United States, United Arab Emirates, India, Poland, Spain and Switzerland. This acquisition will bring more than 700 highly qualified professionals to Accenture, including SAP, data and supply chain experts. "We have been providing management and technology consulting services for nearly three decades and have become a leading SAP partner with clients in a wide range of industries," said Libor Kotlik, Managing Partner of Camelot. "Accenture's global scale and service portfolio will enable us to bring innovative ideas and solutions to clients while creating exciting development opportunities for our people. Together, we will address the key market demand and build lasting value for our clients." Camelot was recently named SAP Digital Supply Chain Focus Partner within the diamond initiative for the second consecutive year. The firm has been recognized by leading analysts and has won numerous awards including Germany's Best Consultants 2024. Camelot will follow Einr, a Norwegian SAP-focused business consulting company Accenture acquired in May 2023. Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory approvals. 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," "will," "should," "likely," "anticipates," "aspires," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "goal," "target" and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture and Camelot 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 benefits for Accenture; Accenture's results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; Accenture's business depends on generating and maintaining client demand for the company's services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company's results of operations; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company's business, the utilization rate of the company's professionals and the company's results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company's results of operations could be adversely affected; Accenture's profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture's level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company's effective tax rate, results of operations, cash flows and financial condition; Accenture's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture's geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture's business could be materially adversely affected if the company incurs legal liability; Accenture's global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture's work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture's services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the "Risk Factors" heading in Accenture plc's most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations. About Accenture Accenture is a leading global professional services company that helps the world's leading Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services -- creating tangible value at speed and scale. We are a talent- and innovation-led company with 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. 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Accenture to acquire management and technology consulting firm Camelot (NYSE:ACN)

Accenture (NYSE:ACN) is set to acquire the Germany-based management and technology consulting firm Camelot Management Consultants. The acquisition is expected to enhance Accenture's SAP and AI-driven supply chain capabilities. The terms of the transaction were not disclosed. ACN shares were trading -0.16% pre-market. Source: Press Release More on Accenture Accenture: Accompanying Fortune 500 Firms Into The AI Era - Stable Outlook Accenture Remains A Quality Company Trading At Fair Value Accenture plc (ACN) Q3 2024 Earnings Call Transcript Accenture upgraded by UBS on AI prospects Accenture buys retail tech services firm