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Accenture taking over Insitum
Posted on Monday, 12 August 2019 15:17
New York-listed professional services company Accenture has reached an agreement to buy Insitum, a Mexico-headquartered provider of service design and strategic research services.
No financial details of the transaction have been disclosed at this time.
Completion remains subject to the go ahead from antitrust authorities, among other closing conditions.
Accenture believes the deal will strengthen its existing presence in the Latin American market and enable it to expand into new countries there, such as Argentina, Colombia and Peru.
In addition, the buyer’s Fjord unit will be enhanced as a result.
Eduardo Bicudo, LatAm lead at Accenture Interactive, said: “With Insitum, we will boost Accenture Interactive’s reach in the region and improve our Fjord design capability, which is a crucial component of our mission to deliver the best, most meaningful experiences to people.
Insitum chief executive Luis Arnal added: “Being part of Accenture Interactive will allow us to integrate our strategic innovation expertise with new technologies and capabilities in order to amplify the value we deliver to our clients.”
Accenture is no stranger to the acquisition trail, having already announced nine purchases in 2019 alone, according to Zephyr, the M&A database published by Bureau van Dijk.
The most recent of these completed just last week, when the company picked up Stockholm-headquartered business strategy development and planning consultancy Northstream for an undisclosed consideration.
This was preceded by the purchase of Australian cyber, electronic warfare, technology and intelligence consultancy BCT Solutions for an unknown sum in June 2019.
Other companies to have been acquired by Accenture this year include Déjà vu Security, Zielpuls and Cirruseo.
© Zephus Ltd