Accenture Acquires Exton Consulting to Accelerate Transformation in Financial Services Industry
Accenture has entered into an agreement to acquire Exton Consulting, a French consulting firm providing strategic and business management support to financial services clients across Europe. Financial terms of the transaction are not being disclosed.
Founded in 2006 and based in Paris, France, Exton Consulting helps the boards of directors of major banks and insurance companies manage successful growth and transformation projects in various markets across Europe.
The team of approximately 150 highly skilled professionals would join Accenture’s financial services industry group and strengthen its ability to deliver innovative end-to-end solutions to a wider range of financial services companies, spanning all aspects of their transformation projects, including strategy, design, technology, and operations.
Olivier Girard, Head of Market Unit for Accenture France & Benelux, said: “Our intention to acquire Exton Consulting is part of our overall growth strategy to expand critical skills and capabilities in strategic areas and to strong market growth.
It underscores our commitment to the financial services industry, which is facing an unprecedented transformation driven by economic and geopolitical uncertainties, regulatory challenges, digital transformation, the urgency to reinvent the customer experience and the need to rethink operational models. This acquisition would solidify Accenture’s position as a leading strategy and advisory company for financial services clients in France and beyond, taking our innovative end-to-end solutions to new levels of speed and scale.
Cédric Vatier, Head of Strategy and Consulting for Accenture France & Benelux, said: “The main challenges our financial services clients face today are global and clients need holistic solutions to meet and transform them. into new opportunities.
“Acquiring Exton Consulting would strengthen our ability to leverage the combination of our talent pool with the latest technologies, such as artificial intelligence, data and the cloud, to help clients embrace change,” accelerate transformation, unleash value and create new sustainable models that benefit everyone.
“For 15 years, the Exton Consulting team has supported companies in the Financial Services sector in their transformation, from strategy to implementation. Today, driven by the digitalization of the economy, different spheres of business consulting are coming together. We are delighted with the opportunity to join Accenture, which would allow us to accelerate our strategy. Combining our innovation, technology and data skills with our expertise would help us deliver highly differentiated end-to-end services to an even larger customer base, both existing and future, ”said Philippe Derambure , co-founder of Exton Consulting.
The acquisition requires prior consultation of the works councils concerned and is subject to the usual closing conditions.