Accenture has announced its plans to acquire SIPAL’s Integrated Product Support Business in Italy.
Takeaway Points
- Accenture has agreed to acquire the IPS business of SIPAL in Italy.
- The acquisition will strengthen Accenture’s engineering capabilities for Italian and European aerospace and defense clients.
- Upon close, about 250 engineering professionals will join Accenture’s service for digital engineering, etc.
- The financial terms of the transaction were not revealed.
- Accenture is a leading global professional services company that helps the world’s leading businesses, governments, and other organizations build their digital core.
Accenture and IPS
Accenture said on Tuesday that it has agreed to acquire the Integrated Product Support (IPS) business of SIPAL in Italy. The acquisition will strengthen Accenture’s engineering capabilities for Italian and European aerospace and defense clients.
Teodoro Lio, Market Unit Lead for Accenture in Italy, commented, “By acquiring SIPAL’s Italian IPS business, we once again confirm our commitment to investing in Italian excellence and support sectors that are strategic to the country. SIPAL’s highly specialized defense engineering capabilities, combined with our deep product engineering, digital, data and AI expertise, will create an exceptional capability to drive reinvention across these industries, in Italy and Europe.”
Ignazio Dogliani, SIPAL’s CEO, said, “Today, SIPAL warmly welcomes the proposed acquisition of SIPAL’s IPS area by Accenture, a truly global company with strong roots in Italy and across Europe, confident that this marks the beginning of a new chapter of growth. This transaction represents an extraordinary opportunity to deliver even greater value to clients and to enable the IPS team to expand its presence in a broader and more international market.”
The Acquisition
The company said that the operations will aid them in better supporting organizations in Italy and Europe in the development of software-defined solutions and next-generation integrated systems for military vehicles, aerostructures, and naval vessels.
Upon close, about 250 engineering professionals will join Accenture’s service for digital engineering and manufacturing and infrastructure and capital projects, Industry X, the report stated.
Accenture said that the financial terms of the transaction were not revealed and the completion of the acquisition is subject to customary closing conditions.
About Accenture
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. They are a talent- and innovation-led company with approximately 801,000 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.
They combine their strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Their broad range of services, solutions, and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with their culture of shared success and commitment to creating 360° value, enable them to help their clients reinvent and build trusted, lasting relationships. They measure their success by the 360° value they create for their clients, each other, their shareholders, partners, and communities.
