Accenture (NYSE: ACN) has agreed to acquire Arηs (pronounced Aris) Group, a technology services provider focused on supporting public sector transformation across Europe.
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Accenture has agreed to acquire Arηs (pronounced Aris) Group, a technology services provider focused on supporting public sector transformation across Europe. (Photo: Business Wire)
The acquisition will further enhance Accenture’s public service offering, drawing on a wide range of innovative solutions to help clients take advantage of a full continuum of technology expertise and accelerate their digital transformation.
Based in Luxembourg and privately held, Arηs Group was founded in 2003 and has grown into one of the largest independent service providers in Europe’s public sector market. With a team of more than 2,330 people across Luxembourg, Belgium, and Greece primarily, Arηs Group focuses on work with the European Union, including the EU Commission, its various institutions and member state organizations.
Arηs Group specializes in the management of complex public sector IT projects, including systems integration, informatics and analytics, solution implementation and program management. It helps lead clients through digital and information systems design, bringing expertise in a variety of areas ranging from software development, data science and security management to machine learning, cloud, and mobile development.
Jean-Marc Ollagnier, Accenture CEO for Europe, Middle East and Africa commented, “We are committed to providing our public service clients with the right people, guidance, systems and processes to help meet the evolving needs of their constituents. The acquisition of Arηs Group will help scale our capabilities with a highly skilled workforce, a history of successful public service delivery and valued technical certifications that can quickly be mobilized to serve our clients in Europe.”
Arηs Group has extensive experience of helping drive modernization projects for European institutions. For example, many public service organizations work with Arηs Group for its specialists focused on cross-border security and data challenges.
“The addition of Arηs Group will expand our ability to deliver public service transformation services across Europe,” said Olivier Girard, market unit lead for Accenture France & Benelux. “Arηs Group’s talented team and track record, combined with Accenture’s European public service industry expertise, will strengthen our capabilities across the continent. Its public service credentials, entrepreneurial culture and extensive client portfolio are a perfect fit with ours.”
Jourdan Serderidis, founder and CEO of Arηs Group, added, “By joining Accenture, with its capabilities in digital, design, AI, cloud, security, and customer experience, we can have an even greater impact on both private and public organizations’ transformation, irrespective of size or complexity, as well as open up exciting opportunities across Europe.”
The transaction is subject to customary closing conditions.
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. These risks include, without limitation, risks that: Accenture and Arηs Group 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 have been, and may in the future 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 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 evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and their skills 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 faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; 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 ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; 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 or fail to satisfy certain agreed-upon targets or specific service levels; 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 results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; 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; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce 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 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. 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
Chinedu Udezue
Accenture
+44 7464 910 244
chinedu.udezue@accenture.com
