Accenture to acquire consulting firm Kurt Salmon
Accenture, a global professional services company, has entered into an agreement to acquire Kurt Salmon, a global strategy consulting firm focused on the retail industry.
The acquisition will expand Accenture Strategy’s capabilities in delivering strategy consulting services to retailers and private equity firms in a world disrupted by digital.
“With digital disruption forcing retailers to rethink their entire business and operating models, we expect continued strong demand for strategy consulting services in this industry,” said Mark Knickrehm, CEO, Accenture Strategy, a division of Accenture. “This acquisition will enhance our ability to deliver the industry-specific strategies that our clients are increasingly seeking, in order to drive competitiveness and operational excellence at the intersection of business and technology.”
Founded in 1935, Kurt Salmon has offices in the U.S., Germany, U.K., Japan and China. The company, a subsidiary of Management Consulting Group, is known for operational strategy consulting, including logistics and supply chain, merchandising and product development, corporate strategy and due diligence, and omnichannel retail strategy.
Following completion of the acquisition, Kurt Salmon’s employees are expected to join the Accenture Strategy retail industry practice.
“Our retail clients are increasingly looking for agile and pragmatic solutions from industry experts that enable their transformation journey and help them gain competitive advantage,” said Brooks Kitchel, CEO of Kurt Salmon. “Joining Accenture Strategwill enable us to bring new value to our clients in a collaborative, global and client-centric environment that aligns with our company culture and mission.
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