Accenture acquires Anser Advisory to boost infrastructure project capabilities

Global consulting giant Accenture (NYSE: ACN) has finalized its acquisition of Anser Advisory, a U.S. infrastructure project advisory and management firm, marking a significant move to amplify its capital project competencies. The deal, initially announced on June 2023, did not have its terms disclosed to the public.

This strategic acquisition enables Accenture to fortify its stance in helping both corporations and state and local public sectors carry out large-scale, prolonged infrastructure projects more efficiently and reliably. Such projects are instrumental for client growth and positively affect local communities. This expansion catapults Accenture into a neighboring business niche, targeting an estimated North American market value of $88 billion.

See also  California American Water to acquire Bass Lake Water

Anser Advisory, known for its advisory, compliance, and management services, boasts a unique combination of strategic insights and practical expertise. Their longstanding involvement with the engineering, procurement, and construction stakeholders of project owners distinguishes them in the sector. This involvement has paved the way for a consistent record of mitigating project delays and curbing unexpected costs for grand infrastructure endeavors.

Accenture completes acquisition of Anser Advisory.
Accenture completes acquisition of Anser Advisory. Photo courtesy of JiriMatejicek/Wikimedia Commons.

Recently, Anser’s role has been pivotal in propelling decarbonization and green energy ventures, notably in domains like energy transmission, storage, sustainability initiatives, and fleet electrification.

See also  How Accenture and AWS' new AI tool could transform your business overnight

Incepted in 1996 and stationed in Santa Ana, California, Anser Advisory employs roughly 1,200 professionals across 13 U.S. states. Post-acquisition, Accenture is set to integrate approximately 920 Anser Advisory personnel who primarily focus on private sector and regional public assignments. However, Markon Solutions, an Anser subsidiary of 280 staff catering to U.S. federal clientele, will remain under the guardianship of Sterling Investment Partners alongside the Markon Solutions executive team.

See also  Maharashtra unveils cyber command center with L&T Technology Services

Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.