Accenture Plc (NYSE:ACN) shares are trading higher on Wednesday.
Yesterday, after the closing bell, the company said it agreed to acquire Partners in Performance, a consulting firm that works on business performance improvement in asset-intensive industries by leveraging data and AI capabilities.
Partners in Performance will enhance Accenture's services for clients across various sectors, including metals and mining, oil and gas, utilities, and chemicals.
Partners in Performance's approximately 400 employees will join Accenture Strategy. Terms of the transaction were not disclosed.
Partners in Performance was founded in Melbourne in 1996, and its management and consulting professionals now operate across five continents.
"The acquisition of Partners in Performance within Accenture Strategy will elevate our strategic advisory and execution capabilities, powered by data and AI, that help clients boost business and sustainability performance in existing operations and new capital programs," said Muqsit Ashraf, chief executive for Accenture Strategy.
This will involve reinforcing cost efficiency and productivity improvement, optimizing capital project delivery, and expediting energy transition and decarbonization initiatives.
"Partners in Performance's expertise will be invaluable as we collaborate with clients to help them leverage digital capabilities and new ways of working to improve operational performance in areas such as supply chain, decarbonization and capital projects," said Stephanie Jamison, global resources industry practice lead and global sustainability services lead at Accenture.
Price Action: ACN shares are trading higher by 1.17% to $307.19 at last check Wednesday.
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