Accenture (NYSE: ACN) has acquired Comtech Group, a Toronto, Canada-based consulting and program management company for infrastructure projects.
Terms of the deal were not disclosed.
Founded in 1994 and led by Hugo Blasutta, president and CEO, Comtech Group serves transportation, infrastructure, industrial manufacturing, building, and power and utility companies in the public and private sector. Comtech Group helps them deliver large, long-term infrastructure projects, such as urban transportation, automotive manufacturing processes, renewable and nuclear power, and building rehabilitation. The firm’s approx. 300 people bring a mix of consulting and project management expertise in construction management, facility and manufacturing engineering, and process control automation. Comtech Group has offices in Canada and the United States.
The move follows Accenture’s recent acquisition of Anser Advisory, an advisory and management company for infrastructure projects in the United States, which has bolstered Accenture’s capital projects capabilities in North America.
With Comtech Group, Accenture is now expanding its capital projects capabilities in Canada. These capabilities include project structuring, estimating and planning; digitization; monitoring the work being done; and assisting clients in managing and executing all phases of projects. Accenture also helps clients develop smarter, more efficient infrastructure for energy transition, transportation and production from the outset. Like Anser Advisory, Comtech Group joins Accenture’s digital engineering and manufacturing service, Industry X.
FinSMEs
26/10/2023