Accenture is to acquire Structure, a provider of consulting, system integration and customised solutions and services to energy and utilities clients.
The transaction seeks to expand Accenture’s capabilities in smart grid solutions, especially grid operations, as well as energy commodity trading and risk management (CTRM).
Terms of the transaction were not disclosed, and the acquisition is subject to regulatory review and other customary closing conditions.
"Bringing together two very similar cultures with deep skills in the utilities and energy industries reinforces our ability to help our clients solve some of the most complex and critical challenges that lie at the heart of the digital transformation," said Omar Abbosh, senior managing director, Accenture Resources operating group.
"We also plan to combine Structure’s market operations and commodities trading services with Accenture’s capabilities in digital asset management to help our clients optimise their commercial positions."
"Joining forces with Accenture will provide our clients and our employees with a unique opportunity to extend our capabilities to offer critical business solutions on a global scale," said Lelon Winstead, Structure managing partner.
"We believe Structure’s end-to-end expertise in smart grid, commodities trading and market operations aligns well with Accenture’s grid operations and energy commodities trading businesses."
Founded in 1998, Structure is based in Houston. Its more than 190 employees will operate within Accenture’s Resources operating group.