Accenture (NYSE: ACN) has agreed to acquire IQT Group, a
provider of engineering managed services for large infrastructure
projects, based in Rovigo, Italy. The acquisition will combine
Accenture’s generative AI and digital capabilities with IQT Group’s
infrastructure projects expertise to help clients plan, execute and
manage net-zero infrastructure projects more efficiently.
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Accenture has agreed to acquire IQT
Group, a provider of engineering managed services for large
infrastructure projects, based in Rovigo, Italy. (Graphic: Business
Wire)
IQT Group focuses on designing and supervising net-zero
infrastructure projects for electricity generation and
transmission. The company works closely with utility providers,
helping both private and public organizations build and modernize
integrated electricity and water networks. It also supports
maximizing energy efficiency of industrial and commercial sites,
and designs and manages networks for telecom operators.
IQT Group’s recent projects have supported Italy’s clean energy
transition under the EU’s National Recovery and Resilience Plan
(PNRR), which aims to modernize Italy’s infrastructure and enhance
energy efficiency for a net-zero future.
The company’s services cover planning and execution of
infrastructure projects, from conducting feasibility studies,
handling environmental planning and permits, and setting technical
specs, to ensuring efficiency, safety and sustainability throughout
the project. Its more than 450 consultants and engineers will join
Accenture’s growing infrastructure and capital projects practice
within Industry X in Italy.
Teodoro Lio, CEO of Accenture Italy and Market Unit Lead of
Italy, Central Europe and Greece, said: “The proposed acquisition
of IQT Group confirms our intention to further strengthen our
position in Italy by enhancing our engineering expertise and the
services related to the implementation of strategic net-zero
infrastructure projects. Our teams aim to support public and
private companies in the utilities, energy and telecommunications
sectors with digital tools to make their projects more efficient
and productive. Ultimately, we will help them build a lower-carbon
energy system, which will not only reduce the carbon footprint of
utilities but also of the industrial value chain it powers.”
Andrea Cavecchia, CEO of IQT Group, said: “Our expertise in
engineering services for electricity, water and telecommunications
infrastructure and industrial and commercial sites combined with
Accenture’s global reach and digital capabilities, will allow us to
expand our services and offer even greater value to our clients.
Together we will pursue a sustainable future, built on smart
strategic infrastructure to enhance the quality and safety of
people's lives.”
Accenture has been strategically expanding its infrastructure
and capital projects capability globally and in Europe. Last year,
it acquired U.S. advisory and management company Anser Advisory and
consulting and Canadian program management company Comtech, and is
now the seventh-largest professional services firm for
infrastructure and capital projects in North America. Earlier this
year, Accenture made its first acquisition in this space in Europe
with BOSLAN in Spain, a management services provider focused on
net-zero infrastructure.
Accenture’s recent acquisitions in Italy include Fibermind, a
network services company; Intellera Consulting, with expertise in
the national consulting market dedicated to the innovation of
Public Administration; Ammagamma, a consulting company with Italian
excellence in innovation related to Artificial Intelligence (AI);
and Customer Management IT and SirfinPA, two companies offering
innovative services and technological solutions in the fields of
Justice and Public Security.
The terms of the transaction were not disclosed, and the
acquisition is subject to customary closing conditions, including
antitrust clearances.
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,”
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could cause actual results to differ materially from those
expressed or implied. These risks include, without limitation,
risks that: Accenture and IQT Group 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
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About Accenture
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Jens Derksen Accenture +49 1755761393
jens.derksen@accenture.com
Armando Barone Accenture +39 348 5608969
armando.barone@accenture.com
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