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Accenture to Acquire Camelot Management Consultants to enhance AI-driven supply chain capabilities

News Desk by News Desk
July 23, 2024
Accenture Camelot

Accenture has agreed to acquire Camelot Management Consultants, a German management and technology consulting firm, to enhance its AI-driven supply chain capabilities. The acquisition will further strengthen Accenture’s SAP and AI-driven supply chain capabilities, helping clients build the intelligent and resilient supply chains that today’s business landscape demands.

The Camelot’s deep expertise in supply chain management will bolster Accenture’s ability to drive the reinvention of its clients’ entire supply chains. It will also bring experience in analytics, data strategy, and modernization, helping organizations build a strong foundation for accelerating the adoption of AI.

Research from Accenture shows that only 9% of companies use AI and generative AI widely across their supply chains, and adopting these technologies correlates with higher profitability.

“Today, we are seeing a surge in demand for data and analytics services in supply chain management, strongly driven by increased market volatility and the need for companies to make their logistics more efficient,” said Tobias Regenfuss, Technology lead Austria, Switzerland and Germany, Accenture. “With our acquisition of Camelot, we will further enhance our capabilities and services to help our clients use technology to address complex and pressing business needs and drive additional value.”

Christina Raab, market unit lead for Accenture in Germany, Austria, and Switzerland, added, “Driving value faster requires extraordinary flexibility and a reinvention of traditional approaches. With Camelot’s deep supply chain expertise, we will be even better equipped to help organizations thrive amid disruption to stay relevant and grow.”

Camelot, founded in 1996, is a leading SAP partner in Germany, Austria, and Switzerland, with headquarters in Mannheim, Germany. They have offices in the United States, United Arab Emirates, India, Poland, Spain, and Switzerland. This acquisition will bring over 700 professionals to Accenture, including SAP, data, and supply chain experts.

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“We have been providing management and technology consulting services for nearly three decades and have become a leading SAP partner with clients in a wide range of industries,” said Libor Kotlik, Managing Partner of Camelot.

“Accenture’s global scale and service portfolio will enable us to bring innovative ideas and solutions to clients while creating exciting development opportunities for our people. Together, we will address the key market demand and build lasting value for our clients,” Libor Kotlik added.

Terms of the transaction were not disclosed, and the acquisition is subject to customary closing conditions, including regulatory approvals.

Also Read: Accenture Acquires US-based Cientra to expand silicon design capabilities

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

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