Accenture (NYSE: ACN) has acquired BOSLAN, a provider of management services for large infrastructure projects, headquartered in Bilbao, Spain. With BOSLAN, Accenture will reinvent how clients engineer and execute net-zero infrastructure projects. By applying artificial intelligence (AI) and other digital technologies to asset lifecycle management, Accenture and the BOSLAN team will help clients optimize their project investments and become carbon-neutral faster.
BOSLAN helps its clients engineer and oversee the construction of infrastructure for the net-zero transition, such as on- and offshore wind farms, solar power plants, smart grids, electric vehicle charging infrastructure and hydrogen plants. It also supports the construction of data centers and critical infrastructure. The services BOSLAN provides include feasibility studies, project planning, cost and quality control, contract negotiation and management, design reviews, equipment purchase assistance and field work supervision. The company’s clients are private and public sector organizations in the renewable energy, oil and gas, infrastructure, data centers and utilities industries.
BOSLAN adds more than 1,000 engineering and project management professionals to Accenture, most of whom are based in Spain and Brazil. The company also has a presence in Portugal, the United Kingdom, the United States and Mexico. The team joins Accenture’s infrastructure and capital projects practice within its digital engineering and manufacturing service, Industry X.
With the acquisition of BOSLAN, Accenture continues to scale its services to help clients complete capital projects—large, long-term infrastructure projects—more predictably and efficiently. BOSLANmarks Accenture’s first capital projects acquisition in Europe, where spending on the clean-energy transition surged to $341 billion in 2023.1 Last year, Accenture acquired Anser Advisory in the United States and Comtech Group in Canada to take advantage of an addressable annual market of $88 billion in North America.
“European companies in the energy and utilities sector are leading the charge in transitioning to renewable energy and ensuring low-carbon emission power is competitive,” said Götz Erhardt, who leads Industry X in Europe, the Middle East and Africa at Accenture. “BOSLAN has helped pioneer many projects in this space. Their engineering and industry expertise will bolster our capabilities to help clients in Europe and globally realize their net zero ambitions. It will also grow our footprint as a global provider of infrastructure and capital projects services, including digital and AI solutions for asset lifecycle management, which are essential to the reinvention of infrastructure projects.”
Mercedes Oblanca, Iberia Market Unit Lead at Accenture, added: “Spain is at the forefront of the net-zero transition because of our country’s experience, knowledge and capabilities in this sector. We are delighted to welcome the professionals from BOSLAN to Accenture. Together, we will bring the power of data and AI to engineering to help our energy, industrial, and public and private infrastructure clients execute their energy transition infrastructure projects more efficiently, securely and predictably.”
Isaac Gómez, CEO of BOSLAN, commented: “As a long-standing partner to many of our clients, BOSLAN has been helping organizations continuously adopt new technologies for large-scale infrastructure projects and energy projects, such as offshore wind farms and hydrogen infrastructure, some of which have become milestones in the energy sector. By joining Accenture, we are expanding our services for clients with advanced technology solutions, advisory and transformation capabilities, and global reach.”
Terms of the transaction were not disclosed.
| 1 Source: Global Clean Energy Spending Surges to $1.8 Trillion. It’s Not Enough, Bloomberg, January 30, 2024 |
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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