Accenture has decided to acquire IQT Group, an Italian firm headquartered in Rovigo. The acquisition aims to synergize Accenture’s generative AI and digital technologies with IQT Group’s expertise in net-zero infrastructure projects, enhancing the efficiency of planning, execution, and management for clients pursuing sustainable infrastructure initiatives.
The transaction terms were not disclosed, and the acquisition is contingent upon standard closing conditions, including antitrust approvals.
IQT Group specializes in designing and overseeing net-zero infrastructure systems related to electricity generation and transmission.
Also Read: Accenture Launches Center for Advanced AI in JapanTeodoro Lio, CEO of Accenture Italy and Market Unit Lead of Italy, Central Europe, and Greece, said: “The proposed acquisition of IQT Group confirms our intention to further strengthen our position in Italy by enhancing our engineering expertise and the services related to the implementation of strategic net-zero infrastructure projects. Our teams aim to support public and private companies in the utilities, energy, and telecommunications sectors with digital tools to make their projects more efficient and productive. Ultimately, we will help them build a lower-carbon energy system, which will not only reduce the carbon footprint of utilities but also of the industrial value chain it powers.”
Andrea Cavecchia, CEO of IQT Group, said: “Our expertise in engineering services for electricity, water, and telecommunications infrastructure and industrial and commercial sites, combined with Accenture’s global reach and digital capabilities, will allow us to expand our services and offer even greater value to our clients. Together, we will pursue a sustainable future, built on smart strategic infrastructure to enhance the quality and safety of people’s lives.”
With a team of over 450 consultants and engineers, IQT Group will integrate into Accenture’s expanding infrastructure and capital projects practice within the Industry X division in Italy. Accenture has been strategically enhancing its infrastructure and capital project capabilities on a global scale, with a notable focus on Europe.
