November 02, 2016

Accenture Completes Acquisition of Kurt Salmon, Expanding Strategy Capabilities in the Retail Industry

Transaction strengthens Accenture Strategy’s end-to-end service offering to retailers.

NEW YORK; Nov. 2, 2016 – Accenture (NYSE: ACN) has completed the acquisition of Kurt Salmon, a leading global strategy consulting firm focused on the retail industry and a subsidiary of Management Consulting Group. The acquisition was first announced on September 22, 2016.

@AccentureStrat has acquired @KSRetail expanding its end2end strategy consulting services #retailnews

More than 260 employees of Kurt Salmon across the U.S., Germany, U.K, Japan and China are now part of the Accenture Strategy retail industry practice, strengthening its capabilities in delivering end-to-end strategy consulting services to top retailers and private equity firms.

“Digital disruption is driving significant shifts in the retail industry, from changing customer expectations to new emerging competitors, and leading organizations recognize the need to reshape their business strategy and rethink their operating models to remain competitive,” said Chris Donnelly, retail industry lead, Accenture Strategy. “This acquisition enables us to provide our clients with a powerful combination of industry-specific solutions to design end-to-end strategies that not only help to navigate this transformation but also shape it.”

Founded in 1935, Kurt Salmon brings to Accenture Strategy its established leadership in operational strategy consulting, including logistics and supply chain, merchandising and product development, corporate strategy and due diligence, and omni-channel retail strategy.

“As part of Accenture Strategy, we look forward to applying our specialist capabilities to offer our existing and new clients enhanced strategy solutions that will help position their organizations to lead in the new environment, disrupted by digital,” said Brooks Kitchel, CEO of Kurt Salmon.

For more information, visit https://www.accenture.com/us-en/accenture-kurt-salmon-acquisition-retail-industry.aspx

*This acquisition by Accenture Strategy relates to Kurt Salmon’s retail strategy consulting business in the U.S., U.K., Germany, Japan and China.

About Accenture
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 approximately 384,000 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 Strategy operates at the intersection of business and technology. We bring together our capabilities in business, technology, operations and function strategy to help our clients envision and execute industry-specific strategies that support enterprise wide transformation. Our focus on issues related to digital disruption, competitiveness, global operating models, talent and leadership help drive both efficiencies and growth. For more information, visit www.accenture.com/strategy.

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,” “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. 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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.

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Contacts

Justyna Gnyp
Accenture
+ 44 750 012 4567
justyna.gnyp@accenture.com

Anthony Hatter
Accenture
+ 44 7810 756 138
anthony.hatter@accenture.com