Italy's Engineering sells two units to Accenture
Italy's Engineering sells two units to Accenture June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture ACN.N.
No value for the transaction was disclosed.
Alfahealth and Industries eXcellence respectively offer digital solutions for Italy's healthcare and industrial sectors.
Together they accounted for about 18% of Engineering's consolidated net revenues and 25% of adjusted core earnings (EBITDA) in 2025.
The transaction will help sharpen Engineering's focus on its core segments and further accelerate its fast-growing AI offering, the company said.
Accenture said separately that the two acquisitions were part of its strategy of integrating software, data and AI to accelerate the competitiveness and transformation of Italy's strategic sectors.
The transactions are expected to close in fourth quarter of this year, depending on antitrust and eventual Italian government approvals under "golden power" rules, among other conditions.
(Reporting by Mirko Miorelli, editing by Alvise Armellini)
((Mirko.miorelli@thomsonreuters.com))
Recent news on Accenture
See all newsBrief: Magnum Ice Cream Company Signs Partnerships With Accenture, HCL, Kinaxis, Microsoft, Salesforce, SAP
U.S. STOCKS ON THE MOVE-Bath & Body Works, Avis Budget, Cerebras
U.S. STOCKS ON THE MOVE-Boundless Bio, Galectin, UniQure
U.S. STOCKS ON THE MOVE-Chipmakers, CDW, Accenture
U.S. STOCKS ON THE MOVE- IBM, Energy Fuels, Zeta