How Accenture’s latest deal with Fibermind is set to revolutionise network services

Accenture, the global consulting and professional services firm, has finalised the acquisition of Fibermind, an Italy-based company specialising in network services with a focus on fiber and mobile 5G networks. This strategic acquisition, announced on June 19, 2024, is set to bolster Accenture’s capabilities in telecommunications network engineering and expand its influence in the European market.

Strategic acquisition enhances network engineering capabilities

The acquisition of Fibermind, headquartered in Rovigo, Italy, represents a significant leap for Accenture in the realm of network services. With over 20 years of experience in the industry, Fibermind brings a wealth of expertise to Accenture Operations. The company is renowned for its work with both public and private sector clients, and its deep connections with major Italian mobile and fiber network operators. Fibermind’s integration into Accenture will enhance the firm’s capacity to deliver high-quality, innovative network solutions across telecommunications, utilities, and transportation sectors.

Accenture’s acquisition will strengthen its network engineering scale, focusing on advancing 5G and fiber capabilities in Europe. The terms of the deal have not been disclosed, but it is expected to significantly impact Accenture’s service offerings by integrating Fibermind’s over 400 highly qualified professionals into its operations. These experts bring extensive experience in network design, permits management, project management, network testing, documentation, and home connections.

Expert opinions on the acquisition

Mauro Macchi, President and CEO of Accenture in Italy, stated that the acquisition underscores Accenture’s commitment to investing in strategic acquisitions to accelerate client transformations across key industry sectors in Italy. He emphasised that the merger would enhance Accenture’s ability to offer end-to-end network engineering services, resulting in higher quality and more innovative solutions with rigorous cost management.

Roberto Pagella, who leads Accenture Operations in Italy, highlighted that the acquisition would significantly boost Accenture’s expertise in telecommunications network engineering. He noted that the synergy with Fibermind would facilitate the creation of a centre of excellence in engineering services, where advanced technology and data would amplify human skills and knowledge.

Andrea Targa, General Manager of Fibermind, welcomed the acquisition, noting that it represents a critical opportunity to strengthen Fibermind’s leadership in Italy and expand internationally. He reflected on Fibermind’s journey with its parent company, Maticmind, and expressed confidence that Accenture’s commitment to innovation and client service aligns perfectly with their goals.

Impact on the European network services market

The acquisition of Fibermind by Accenture marks a significant development in the European network services landscape. As both companies combine their resources and expertise, clients can expect enhanced network engineering capabilities supported by advanced technologies such as automation, robotics, data, and AI. This merger not only expands Accenture’s service offerings but also reinforces its position as a leader in the network services sector across Europe.