Wednesday, December 18, 2024

Accenture Acquires IQT Group to Boost Net-Zero Infrastructure Expertise

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  • Strategic acquisition: Accenture integrates IQT Group’s engineering expertise to enhance net-zero infrastructure project capabilities.
  • Focus on clean energy and efficiency: IQT Group specializes in electricity, water, and telecom infrastructure for private and public organizations.
  • Supports Italy’s energy transition: Projects align with the EU’s National Recovery and Resilience Plan (PNRR).

Accenture has agreed to acquire IQT Group, an Italian provider of engineering managed services for large infrastructure projects, to advance its capabilities in planning and executing net-zero infrastructure initiatives.

Expanding Net-Zero Expertise

IQT Group’s portfolio includes designing and supervising infrastructure for electricity generation, water systems, and telecom networks. Its work supports Italy’s clean energy transition, in line with the EU’s National Recovery and Resilience Plan (PNRR).

Teodoro Lio, CEO of Accenture Italy, explained the acquisition’s significance:

“The proposed acquisition strengthens our engineering expertise for net-zero infrastructure projects. We aim to help companies in utilities, energy, and telecom sectors build a lower-carbon energy system.”

Teodoro Lio, CEO of Accenture Italy

Global Collaboration for Sustainability

IQT Group’s 450 engineers and consultants will join Accenture’s Industry X practice, combining their local expertise with Accenture’s AI and digital tools. This collaboration will focus on improving efficiency, safety, and sustainability in infrastructure projects.

Related Article: EU Invests €4.8 Billion from Emissions Trading Revenues to Fund Net-Zero Projects

Andrea Cavecchia, CEO of IQT Group, emphasized:

“Together with Accenture’s global reach, we’ll expand our services to pursue a sustainable future, enhancing the quality and safety of infrastructure worldwide.”

Andrea Cavecchia, CEO of IQT Group

Accenture’s Broader Strategy

This acquisition follows Accenture’s recent expansions in infrastructure and capital projects, including acquisitions of Anser Advisory in the U.S. and BOSLAN in Spain. In Italy, Accenture has also acquired firms specializing in AI, public administration innovation, and network services.

The terms of the deal remain undisclosed, with the transaction subject to customary closing conditions, including antitrust clearances.

Looking Forward

This move further solidifies Accenture’s commitment to building sustainable, efficient, and future-ready infrastructure, aligning with global net-zero goals while enhancing value for public and private stakeholders.

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