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Accenture Announces Intent to Acquire Fibermind to Strengthen Fiber and Mobile 5G Network Services

ByLteWorld

Jun 19, 2024 , ,

Accenture has agreed to acquire Fibermind, an Italy-based network services company, specializing in fiber and mobile 5G networks deployment, as well as infrastructure engineering services. The acquisition will strengthen Accenture’s capabilities in the domain and extend network services to clients across multiple industries, including telecommunications, utilities, and transportation.

Headquartered in Rovigo, Italy, with operations throughout the country, Fibermind has more than 20 years of experience serving public and private sector clients, a strong partner ecosystem and long-standing relationships with national authorities and municipalities. Fibermind also has well-established client relationships with Italy’s major mobile and fiber network operators.

“The acquisition of Fibermind reaffirms Accenture’s commitment to continuously invest in strategic acquisitions that support and accelerate our clients’ transformations across key industry sectors in Italy,” said Mauro Macchi, president and CEO of Accenture in Italy. “As a result of the acquisition, we will expand our capabilities to offer end-to-end network engineering services, delivering higher quality, greater innovation, and more rigorous cost management to our clients.”

Fibermind will bring more than 400 highly qualified professionals to Accenture Operations, with expertise spanning network design, permits management, technical office and local directive project management office (PMO) work, network acceptance testing, network documentation and home connection.

“This acquisition will significantly strengthen our expertise in the telecommunications network engineering services, boosting our growth in a strategic sector for the country,” said Roberto Pagella, who leads Accenture Operations in Italy. “The synergies with Fibermind will allow us to create a center of excellence in engineering services where technology and data enhance and amplify human skills and knowledge.”

Together, Accenture and Fibermind will offer clients network engineering capabilities, deep industry knowledge, and technology assets powered by automation, robotics, data and AI.

“We welcome the opportunity to grow by joining Accenture and become part of its global network. The combination of our expertise and capabilities represents an important opportunity for us to strengthen our leadership in Italy and to expand outside the country,” said Andrea Targa, general manager, Fibermind. “Four years ago, we started on a path with our parent company, Maticmind, to excel at ICT and to focus on enabling digital transformation for our clients. Accenture shares this commitment to clients and innovation, so together we’ll enable speed and quality in delivering engineering services.”

The acquisition complements previous Accenture acquisitions in Europe, including Arca, AFD.TECH and umlaut, aimed at building the company’s infrastructure engineering scale and capability for 5G and fiber in the region.

Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions, including required antitrust clearances.