Accenture is now the world’s most acquisitive company
The $172 billion consultancy is now a major player, from digital marketing to industrial automation, as the computing and outsourcing giant has continued to build its portfolio, with 65 takeovers over the past two years. With the ever increasing need for digital technology in business, Accenture now needs to keep pace with change and these takeovers allow the consultancy to bring in new talent and ideas under the Accenture umbrella. City trading has seen these acquisitions favourably, as the Accenture share price is up over 40% over the past year.
During 2021 another $1.7 billion will be spent by Accenture on further acquisitions, having spent $1.5 billion in 2020 and $1.2 billion in 2019. In the advertising sector, Accenture's media acquisitions have meant that they are now rivals with WPP and S4 Capital Plc, allowing their corporate clients to combine marketing, e-commerce and business restructuring within the same portal.
In an emailed statement by an Accenture spokeswoman, “Our acquisition strategy, which is an engine to fuel organic growth, remains focused on scaling our business where we see a big market opportunity, adding skills and capabilities in key strategic areas, and deepening our industry and functional expertise.”
In the most recent annual report in the year to August 2020, show revenues of $44.3 billion and 506,00 staff. There hasn't been a week that has gone by in the past couple of years, that Accenture hasn't been in the financial headlines as it purchases yet another company.