Accenture Acquires German Consulting Firm Homburg & Partner For Undisclosed Terms

Accenture PLC ACN acquired Mannheim, Germany’s strategic management consulting firm Homburg & Partner.
The financial terms of the transaction were not disclosed.
The addition of Homburg & Partners expands Accenture’s ability to shape growth and efficiency strategies across the enterprise and increase clients’ focus on growing their sales and profits as they pivot to their next-generation customer engagement, Accenture global head Edwin van der Ouderaa said.
Accenture held $9.2 billion in cash and equivalents as of Feb. 28, 2021.
Price action: ACN shares closed lower by 1.39% at $283.01 on Tuesday.