Accenture confirmed the deal, saying the acquisition would strengthen its capabilities to serve multiple clients.

Financial terms were not disclosed.

The deal will see more than 400 Fibermind professionals migrate to Accenture’s operations, spanning spanning network design, permits management, technical office and local directive project management office (PMO) work, network acceptance testing, network documentation, and home connection.

“The acquisition of Fibermind reaffirms Accenture’s commitment to continuously invest in strategic acquisitions that support and accelerate our clients’ transformations across key industry sectors in Italy,” said Accenture Italy president and CEO Mauro Macchi.

“As a result of the acquisition, we will expand our capabilities to offer end-to-end network engineering services, delivering higher quality, greater innovation, and more rigorous cost management to our clients.”

Accenture will capitalise on Fibermind’s two decades of expertise, partnerships, and relationships to provide network engineering, and “technology assets powered by automation, robotics, data, and AI.”

The acquisition complements previous Accenture acquisitions in Europe, including Arca, AFD.TECH and umlaut, aimed at building the company’s infrastructure engineering scale and capability for 5G and fibre in the region.

This first appeared in the subscription newsletter CommsWire on 21 June 2024.