March 19, 2024

Accenture Acquires Flo Group to Expand Supply Chain Logistics Capabilities in Europe

NEW YORK and ROTTERDAM, Netherlands; March 19, 2024 – Accenture (NYSE: ACN) has acquired Flo Group, a leading European consultancy and Oracle business partner specializing in global supply chain logistics. This acquisition further enhances Accenture’s Oracle capabilities in Europe to help clients build more resilient and agile supply chains that provide end-to-end visibility. Financial terms of the transaction were not disclosed.

Founded in 2007, Flo is headquartered in Rotterdam, the Netherlands with additional offices in Argentina and India. Flo’s 280 people join the Accenture Oracle Business Group, bolstering its capabilities to help clients design their digital core to be ready for supply chain transformation.

“Accenture is committed to helping organizations reinvent themselves and build their digital core as a source of competitive advantage,” said Andrea Cesarini, lead of the Accenture Oracle Business Group in Europe, Middle East and Africa. “Together with the Flo team—a highly valued Oracle partner with deep skills in designing, building and running complex logistics platforms—we can unlock even more value for our clients in Europe.”

With a focus on consulting and implementation of Oracle supply chain cloud technology, Flo takes a holistic approach to help clients realize business benefits from their logistics initiatives while producing savings and opportunities for continuous improvement. Flo primarily serves enterprise clients in Europe in a wide range of industries including retail, automotive, consumer goods, manufacturing, mining, energy, chemicals and government.

“For 17 years, we’ve been delivering complex supply chain solutions worldwide, as a leading Oracle business partner in supply chain in Europe,” said Michiel Keijzer, CEO, Flo Group. “By joining Accenture, we can deliver logistics excellence at scale, while creating new growth opportunities for our people.”

The acquisition of Flo follows the recent addition of Inspirage, an integrated Oracle Cloud specialist firm with an emphasis in supply chain management.

Forward-Looking Statements
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,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. 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Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 743,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

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Contact:

Francine Fiano
Accenture
+1 917 452 7393
francine.fiano@accenture.com