November 14, 2019
Accenture Announces Intent to Acquire Consulting Firm Silveo to Help Clients Reinvent Supply Chains and Manufacturing Processes Faster
Acquisition would add skills in supply chain and manufacturing software from SAP and Dassault Systèmes to Accenture’s Industry X.0 practice
PARIS; Nov. 14, 2019 – Accenture (NYSE: ACN) has announced its intent to acquire Silveo, a French consulting company that provides solutions and services for supply chains and manufacturing. Silveo would join Accenture Industry X.0 — the part of Accenture that uses digital technologies to improve how companies engineer and manufacture products and services and operate industrial facilities.
The acquisition requires prior consultation with the relevant works councils and would be subject to customary closing conditions. Financial terms of the transaction were not disclosed.
Adding the capabilities of Silveo would enhance Accenture’s ability to help clients reinvent their manufacturing and supply chain processes faster. This is important for manufacturers whose customers are demanding increasingly more personalized products and services.
Silveo was founded in 2014 and is headquartered in Neuilly sur Seine, France. Its 50 employees have strong expertise in solutions for supply chain and manufacturing, from planning to execution. Silveo offers several solutions that are based on software from SAP and Dassault Systèmes. For example, these solutions provide information from production lines in real-time, which helps companies react quickly to changes in demand, supply, and the capacity of plants.
Olivier Girard, country managing director of Accenture in France and Benelux, said: “Silveo would add valuable expertise to Accenture that would immediately reinforce our service offering and nurture our organic growth. Their team would strengthen our ability to help clients use digital innovations to efficiently manufacture and supply products that fit the quickly evolving needs of their customers.”
Flavien Parrel, managing director for Accenture Industry X.0 in France and Benelux, said: “Silveo’s expertise would enable us to better help clients benefit from digital technologies in industrial production. For instance, clients would be able to implement ‘digital twins’ of their factories. With these digital models, they can simulate changes to the factories without actually touching them. It can make the production process much more flexible and efficient.”
Silveo founders Marc-Antoine Peuch, Romain Durando, Laurent Autebert and Karim Ait El Mouden said, “We are passionate about helping companies make manufacturing and supply chains more flexible, automated, and driven by insights from data. Becoming part of Accenture Industry X.0 would be a fantastic opportunity for our team to bringing their skills to more clients and larger projects.”
Other acquisitions Accenture has made in France are Cirruseo earlier this year, Arismore and altima° in 2017, and OCTO Technology in 2016 ; along with the recent announcement of the company’s intent to acquire Sutter Mills.
Accenture has bought other companies to support Industry X.0 in the past two years. These include US product innovation and engineering company Nytec, UK innovation firm Happen, Irish consulting and manufacturing services provider ESP, and German technology consultancy Zielpuls.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 492,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Accenture Industry X.0 helps businesses master the digital reinvention of industry when they use advanced digital technologies to transform core operations and unlock new revenue streams and business models. We support every aspect of our clients’ multi-phase transformation, including workforce, customer experience, R&D, engineering, manufacturing, business support, and ecosystems. Visit https://www.accenture.com/us-en/services/industryx0-index.
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: Accenture and Silveo will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations could be adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment could materially affect the company’s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and/or company data from security breaches or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture’s contracts include fees subject to the attainment of targets or specific service levels, which could increase the variability of the company’s revenues and impact its margins; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. 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+33 1 53 23 54 61
Jens R. Derksen
Accenture Industry X.0