SYDNEY, Australia – (BUSINESS WIRE) – 1 Mar 2021–
Accenture (NYSE: ACN) has acquired Australia-based supply chain consulting and logistics firm GRA. This acquisition strengthens Accenture’s Operations & Supply Chain capabilities helping public and private sector clients address complex supply chain requests to provide dynamic customer experiences in line with responsible practices.
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Luke Tomkin (GRA), Steven Bray (GRA), Louise May (Accenture) & Carter McNabb (GRA) (Photo: Business Wire)
Founded in 1997, GRA has offices in Melbourne, Canberra and Brisbane with a team of 50 professionals. The company specializes in supply chain and logistics strategy and end-to-end operations, working with some of Australia’s leading organizations in areas such as government, aerospace & defense and consumer goods to turn their supply chains into engines of growth.
“The pandemic has accelerated the need for businesses to transform their supply chains to become more customer-focused, agile and socially responsible with the flexibility to withstand future disruptions. The addition of the GRA will expand our supply chain and operating capabilities to assist clients with their transformation into a smart, customer-centric supply chain that supports profitable growth, ”said Tara Brady, country managing director for Accenture in Australia & New Zealand.
“We look forward to starting a new chapter with Accenture and contributing our extensive supply chain skills, culture and capabilities to Accenture’s substantive network of clients and partners,” said Carter McNabb, founding partner at GRA. “With supply chains across sectors at critical intersections, we are confident that this combination will enable our teams and clients to continue to grow and innovate at an accelerating pace.”
Louise May, who leads Strategy & Consulting for Accenture in Australia & New Zealand, said, “GRA brings in-depth knowledge and skills in supply chain strategy, planning and execution that complement our existing capabilities, and we are delighted to welcome them to the team. Their successful track record of delivering value across multiple industries is extraordinary, and we are very pleased with the potential and opportunities this combination presents. “
Accenture’s acquisition of GRA follows other investments across Australia and New Zealand in the past 18 months, including cloud-native solution providers Olikka in November 2020; SAP and cloud solutions technology company Zag in October 2020; company data analysis and supply chain management Icon Integration in February 2020; business strategy and econometric firms AlphaBeta in February 2020; specialist government consultation Apis Group in December 2019 and major data and analytics companies Analytics8 in August 2019.
Transaction terms were not disclosed.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialist skills in more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services – all supported by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 514,000 people fulfill the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create shared value and success for our clients, employees, shareholders, partners and our communities. Visit us at www.accenture.com.
Except for the historical and discussion information contained herein, statements in this news release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “probability,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “forecasts,” “is positioned,” “views” and similar expressions are used to identify these forward-looking statements. . This Standard involves a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. For a discussion of the risks and actions taken in response to the coronavirus (COVID-19) pandemic, see “The results of our operations have been significantly affected and may be materially negatively impacted in the future by the COVID-19 pandemic” under Item 1A. , “Risk Factors” in Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ending May 31, 2020. Many of the risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. . These risks include, without limitation, risks that: the transaction may not achieve the benefits anticipated for Accenture; The results of Accenture’s operations have been significantly affected and the future could negatively impact materially by the COVID-19 pandemic; Accenture’s operating results may be negatively affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the business and level of business activity of the company’s clients; The Accenture business relies on generating and sustaining sustainable and profitable client demand for enterprise services and solutions including through the adaptation and expansion of services and solutions in response to ongoing changes in technology and supply, and significant reductions in demand or inability to do so. responding to the evolving technological environment could materially affect the company’s operating results; if Accenture is unable to keep its supply of skills and resources in balance with the demands of clients around the world and attract and retain professionals with strong leadership skills, the company’s business, the level of professional utilization of the company and the results of the company’s operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and / or company data from security breaches or cyberattacks; the markets in which Accenture operates are very competitive, and Accenture may not be able to compete effectively; changes in Accenture’s tax rates, as well as audits, tax investigations and processes, or changes in tax laws or in their interpretation or enforcement, could have a material negative impact on the company’s effective tax rates, results of operations, cash flows and finances. condition; Accenture’s profitability can suffer materially if the company is unable to obtain favorable prices for its services and solutions, if it cannot remain competitive, if its cost management strategies are unsuccessful or if it experiences delivery inefficiencies; Accenture’s results of operations could be materially affected by fluctuations in foreign currency exchange rates; As a result of Accenture’s geographically diverse operations and its growth strategy to continue expanding in its key markets around the world, the company is becoming more vulnerable to certain risks; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to manage the organizational challenges associated with its size, the company may not be able to achieve its business objectives; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture fails to manage and develop its relationships with key alliance partners or fails to anticipate and build new alliances in new technologies, the results of the company’s operations could be adversely affected; Accenture may not be successful in acquiring, investing or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe the intellectual property rights of others or the company loses its ability to take advantage of other people’s intellectual property, its business may be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes in accounting standards or in the estimates and assumptions made by Accenture in connection with the preparation of the consolidated financial statements could have a negative impact on the financial results; many Accenture contracts include fees that are subject to achieving a specific target or level of service, which can increase the variability of a company’s revenue and affect its margins; Accenture may not be able to access additional capital on favorable terms or at all and if the company increases its equity capital it may reduce its shareholder ownership in the company; Accenture may receive negative criticism and publicity regarding its establishment in Ireland; as well as risks, uncertainties and other factors discussed under the heading “Risk Factors” in Accenture plc’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed with or submitted to the Securities and Exchange Commission. Statements in this news release are valid only as of the date they are made, and Accenture is not obligated to update any forward-looking statements made in this news release or to adapt such statements to actual results or changes in Accenture’s expectations.
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CALL: Georgia Hewett
+61 417 699 567
KEY WORDS: AUSTRALIA / OCEANIA AUSTRALIA
INDUSTRY KEYWORDS: SUPPLY CHAIN MANAGEMENT LOGISTIC RETAIL TECHNOLOGY / TRANSPORTATION SOFTWARE NETWORK SUPPLY CHAIN
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PUB: 03/01/2021 05:19 PM / DISC: 03/01/2021 05:19