Accenture has announced the acquisition of Comtech Group, a consulting and program management firm specializing in infrastructure projects across Canada and the United States. Financial information about the deal was not disclosed.
This acquisition marks technology M&A deal number 291 covered by ChannelE2E and MSSP Alert in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Accenture, founded in 1989, is headquartered in Dublin, Ireland. The company has over 600,000 employees listed on LinkedIn. Accenture specializes in IT services, consulting, and digital transformation, helping clients harness the power of innovation to thrive on change.
Comtech Group, established in 1994, is headquartered in Toronto, Ontario, Canada. The company has 279 employees listed on LinkedIn. Comtech’s expertise includes consulting and program management for large, long-term infrastructure projects spanning various sectors, including transportation, industrial manufacturing, and power and utilities.
Expanding Capital Projects Capabilities
With offices in both Canada and the United States, Comtech Group offers a comprehensive suite of services encompassing construction management, facility and manufacturing engineering, and process control automation.
Accenture's acquisition of Comtech Group is a strategic move to extend its capital projects capabilities in Canada, complementing the services obtained through the recent acquisition of Anser Advisory, according to the company.
This expansion enhances Accenture’s ability to offer end-to-end support for complex infrastructure projects, from structuring and planning to execution and monitoring, the company said.
Accenture Acquires Comtech Group: Additional Insight
Aaron Saint, North America lead for Industry X at Accenture, commented:
“With Comtech Group, we will help our clients deliver mission-critical infrastructure projects on time and on budget. This requires industry expertise, ‘boots on the ground’ know-how, and increasingly, artificial intelligence (AI) and other digital capabilities to better plan, measure and monitor how these projects are executed. By combining Accenture and Comtech Group capabilities, we can better help deliver on our clients’ ambitious infrastructure programs.”
David Morgenstern, president of Accenture in Canada, added:
“We are expanding our capabilities at a time that Canada is committing to major infrastructure projects. Our country has deep roots in manufacturing, process and engineering industries. We are also home to leading organizations in AI, automation and robotics. Comtech Group will enhance our ability to bring value and productivity to clients in this evolving landscape.”
Hugo Blasutta, president and CEO of Comtech Group, shared:
“Comtech Group has an established track record supporting some of Canada’s most complex, large-scale infrastructure programs. As part of Accenture, we can deliver our proven solutions to even more clients in more industries. We are excited about Accenture’s commitment to innovation as shown in its recent $3 billion investment in AI. Joining this world-leading organization will also offer exciting new opportunities to our people.”
Previous Infrastructure-Related Acquisitions by Accenture
Accenture has actively pursued acquisitions to bolster its infrastructure project support capabilities, including companies like Eclipse Automation, Advoco, ATI Solutions Group, and umlaut. These acquisitions reflect the company’s dedication to providing comprehensive solutions across various sectors and regions.
