Accenture to acquire Javelin Group to expand Accenture Strategy capabilities in the retail industry.
London, 18 May 2015. Accenture has entered into an agreement to acquire Javelin Group, a UK-based retail strategy consulting and digital transformation services provider. The acquisition will expand the capabilities of Accenture Strategy to help the world’s leading retailers and consumer brands accelerate their digital transformation. Terms of the acquisition were not disclosed, and completion of the acquisition is subject to regulatory approval and other customary closing conditions.
Javelin Group is a specialist integrated retail strategy and digital transformation consulting firm, employing more than 160 people and generating approximately half its revenues outside the UK. It offers a range of strategy services including digital market assessment and potential evaluation, digital performance improvement, omni-channel retail planning, retail analytics, supply chain fulfilment and operations, as well as location and international expansion strategy. It also provides digital technology consulting and systems implementation and support services.
Following completion of the acquisition, Accenture Strategy will be able to offer a broader range of digital capabilities to shape innovative retail strategies and support the execution of large scale change. The combination of Javelin Group’s skills and Accenture’s global reach and industry expertise will enhance Accenture Strategy’s ability to serve a fast growing international retail market.
“The acquisition of the Javelin Group will help Accenture Strategy reinforce our ability to deliver large scale transformation in the retail industry,” said Mark Knickrehm, group chief executive, Accenture Strategy. “It will also strengthen the portfolio of industry knowledge and digital capabilities that makes Accenture Strategy increasingly relevant in a market demanding sector specific strategies and solutions.”
“Accenture anticipates continued strong demand for strategy services in the retail market as new technologies raise consumer expectations and transform the fulfilment of products and services across multiple channels,” said Chris Donnelly, Retail Industry Strategy lead, Accenture Strategy. “Javelin Group’s unique set of integrated strategy, consulting and implementation capabilities will help us support clients through their entire digital transformation journey.”
“Javelin Group has established itself as a leading specialist provider of consulting and technology services to retailers in Europe and beyond,” said Tony Stockil, CEO of Javelin Group. “As digital technologies intensify the scale of the challenges and opportunities facing consumer brands and retailers, the combination of Accenture’s global reach and digital transformation capabilities and Javelin Group’s specialist retail expertise will bring new value to those businesses.”
Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Strategy operates at the intersection of business and technology. We bring together our capabilities in business, technology, operations and function strategy to help our clients envision and execute industry-specific strategies that support enterprise wide transformation. Our focus on issues related to digital disruption, competitiveness, global operating models, talent and leadership help drive both efficiencies and growth. For more information, follow @AccentureStrat or visit www.accenture.com/strategy.
Read the full press release here.
In the press
- ZDNet: Accenture acquires digital strategy firm Javelin Group
- The Financial: Accenture completes acquisition of Javelin Group
- Nasdaq: Accenture (ACN) completes UK-based Javelin Group buyout
- Mergers & Acquisitions: Accenture adds Javelin Group, as retailers look to improve digital operations
- Market Watch: Accenture to acquire Javelin Group to expand Accenture Strategy capabilities in the retail industry
- Business Wire: Accenture completes acquisition of Javelin Group, expands Accenture Strategy capabilities in the retail industry
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