Accenture expands European supply chain services with Flo buy
UNITED STATES and THE NETHERLANDS — Outsourcing firm Accenture has boosted its supply chain services in Europe by acquiring information technology services company Flo Group (Flo).
The financial terms of the deal were not disclosed.
As part of the acquisition, 280 workers from Flo will transfer to the Accenture Oracle Business Group. The acquisition will help the outsourcing company in its quest to build resilient supply chains across Europe.
Founded in 2007, Flo specializes in global supply chain logistics. It primarily serves enterprise clients in Europe in a wide range of industries, including retail, automotive, consumer goods, manufacturing, mining, energy, chemicals, and government.
Flo is headquartered in Rotterdam, The Netherlands, and has offices in Argentina and India.
“Together with the Flo team—a highly valued Oracle partner with deep skills in designing, building and running complex logistics platforms—we can unlock even more value for our clients in Europe,” said Andrea Cesarini, lead of the Accenture Oracle Business Group in Europe, Middle East and Africa.
Accenture has been beefing up its supply chain business. The deal follows the recent purchase of Inspirage, an integrated Oracle Cloud specialist firm with an emphasis on supply chain management.
Accenture ranked #1 in the OA500 2024, an objective index of the world’s top 500 outsourcing companies. This is the second year the company clinched the index’s top spot.
