Accenture (NYSE: ACN) has entered into an agreement to acquire EnergyQuote JHA, a Pan-European energy management and procurement services provider. The acquisition will bolster Accenture’s energy procurement capabilities in Europe and further enhance its ability to deliver energy management as-a-service to clients. Terms of the deal were not disclosed and the acquisition is subject to the satisfaction of customary closing conditions.
EnergyQuote JHA provides energy procurement, risk management and strategy development, forecasting, energy contract management, portfolio management, carbon emissions reduction and utility bill management to clients in more than 22 European countries.
“Clients are increasingly seeking a single provider of energy procurement and management services that can address the full spectrum of needs—from reducing demand and risk to improving pricing and payment accuracy—across all geographies,” said Mike Salvino, group chief executive, Accenture Operations. “This acquisition will extend Accenture’s industry leading position in the procurement market and enhance our ability to provide comprehensive energy management services, putting us in an even better position to provide innovative business process services that deliver business outcomes to our clients.”
“Since its founding in 1992, EnergyQuote JHA has developed specialized technology and expertise in key areas that complement Accenture’s existing energy procurement and management offerings,” said Jonathan Lydiard-Wilson, CEO, EnergyQuote JHA. “This agreement with Accenture will benefit the clients of both companies, combining our proprietary technology and extensive energy market intelligence with Accenture’s own industry leading procurement capabilities and global reach.”
EnergyQuote JHA’s 279 employees from offices across Europe including the UK and Romania, as well as India, are expected to join Accenture at the completion of the transaction.