Accenture to acquire Italy’s Fibermind to expand 5G, fiber capabilities
MILAN, ITALY — Outsourcing giant Accenture has announced its intention to acquire Fibermind, an Italian network services company specializing in fiber and mobile 5G networks deployment.
This strategic move aims to enhance Accenture’s service offerings in telecommunications, utilities, and transportation sectors across Italy.
While the financial terms of the acquisition were not disclosed, the deal is subject to customary closing conditions, including required antitrust clearances.
Strengthening 5G and fiber network expertise
Fibermind, known for its extensive experience in network deployment and infrastructure engineering, is strategically positioned with a 20-year history in both the public and private sectors. Headquartered in Rovigo, Italy, the company maintains robust partnerships with national authorities, municipalities, and Italy’s major network operators.
“The acquisition of Fibermind reaffirms Accenture’s commitment to continuously invest in strategic acquisitions that support and accelerate our clients’ transformations across key industry sectors in Italy,” said Mauro Macchi, president and CEO of Accenture in Italy.
“As a result of the acquisition, we will expand our capabilities to offer end-to-end network engineering services, delivering higher quality, greater innovation, and more rigorous cost management to our clients.”
The deal will see more than 400 highly qualified professionals join Accenture Operations, bringing expertise in network design, permits management, technical office work, and project management.
Expanding Accenture’s network engineering capabilities
Roberto Pagella, who leads Accenture Operations in Italy, highlighted the potential for growth, saying, “This acquisition will significantly strengthen our expertise in the telecommunications network engineering services, boosting our growth in a strategic sector for the country.”
“The synergies with Fibermind will allow us to create a center of excellence in engineering services where technology and data enhance and amplify human skills and knowledge,” Pagella added.
The combined forces of Accenture and Fibermind will offer clients enhanced network engineering capabilities, deep industry knowledge, and technology assets powered by automation, robotics, data, and AI.
Andrea Targa, general manager of Fibermind, expressed enthusiasm about the merger, stating, “We welcome the opportunity to grow by joining Accenture and become part of its global network. The combination of our expertise and capabilities represents an important opportunity for us to strengthen our leadership in Italy and to expand outside the country.”
This acquisition complements Accenture’s previous acquisitions in Europe, including Arca, AFD.TECH, and umlaut, further solidifying its position in infrastructure engineering for 5G and fiber networks across the region.
Accenture, with approximately 742,000 employees serving clients in over 120 countries, continues to strengthen its position as a leader in driving technological change and digital transformation across various industries. It 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.
