Accenture has agreed to a deal to acquire Italian-based network services company Fibermind.
The company confirmed the deal this week, noting that it will strengthen its network services business.
Financial terms of the transaction were not disclosed.
Rovigo-based Fibermind specializes in deploying fiber and mobile 5G networks, plus infrastructure engineering services.
The acquisition will see 400 Fibermind staff transfer over to Accenture's business, spanning a range of roles including network design, permits management, technical office, and local directive project management office (PMO) work.
“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 Mauro Macchi, president and CEO of Accenture in Italy.
“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 noted that the planned acquisition will see it and Fibermind offer its customers' clients network engineering capabilities, powered by automation, robotics, data, and AI.
