Accenture acquires infrastructure consulting firm Comtech Group
Accenture (NYSE: ACN) has solidified its position in the North American infrastructure sector with the acquisition of Comtech Group, a Toronto-based consulting and program management company. The financial specifics of the deal remain undisclosed.
Deep Dive into Comtech Group
Founded in 1994, Comtech Group has its primary office in Toronto and has been instrumental in aiding clients from transportation, infrastructure, manufacturing, building, power, and utility sectors in the public and private domain. The firm’s role encompasses managing and streamlining long-term, large-scale projects, such as urban transportation and renewable power. Their team of around 300 specializes in various sectors like construction management, facility engineering, and process control automation. The firm has operational offices scattered across Canada and the United States.
Accenture’s Continuing Focus on Infrastructure
This acquisition comes on the heels of Accenture’s procurement of Anser Advisory, a prominent advisory firm in the US focused on infrastructure projects. This prior acquisition has already augmented Accenture’s capital projects prowess in North America.
With the integration of Comtech Group, Accenture aims to enhance its capital project capabilities specifically in Canada. This encompasses a gamut of services from project structuring to digitization and monitoring. The goal remains clear – assist clients in building efficient, smarter infrastructure frameworks for the future, in areas such as energy transition and transportation. Comtech Group will be absorbed into Accenture’s Industry X, just as Anser Advisory was.
Industry Experts Weigh In
Aaron Saint, North America’s lead for Industry X at Accenture, emphasizes the role of Comtech Group in strengthening Accenture’s stand in infrastructure projects. He stated, “With Comtech Group, we will help our clients deliver mission-critical infrastructure projects on time and on budget.”
Similarly, David Morgenstern, president of Accenture in Canada, highlighted the significance of the acquisition against the backdrop of Canada’s infrastructure commitments. Hugo Blasutta, the CEO of Comtech Group, expressed enthusiasm about the merger and Accenture’s dedication to innovation.
Other Strategic Acquisitions
Accenture’s portfolio of acquisitions supporting infrastructure projects is vast. The list comprises Eclipse Automation, based in Canada; Advoco, from the US; ATI Solutions Group from Australia; and umlaut, a German-based global engineering services provider.