Accenture to acquire Italy’s Fibermind to strengthen 5G network, fiber capabilities

Irish-American IT and consulting services firm Accenture Wednesday said it has agreed to acquire Fibermind, an Italy-based network services company specialising in fiber and mobile 5G networks deployments, as well as, infrastructure engineering services.

“The acquisition will strengthen Accenture’s capabilities in the domain and extend network services to clients across multiple industries, including telecommunications, utilities, and transportation,” Accenture said in a media statement.

The companies, however, did not disclose the financial terms of the transaction.

Headquartered in Rovigo, Italy, with operations throughout the country, Fibermind has over 20 years of experience serving public and private sector clients, a strong partner ecosystem and long-standing relationships with national authorities and municipalities.

Fibermind also has well-established client relationships with Italy’s major mobile and fiber network operators.

“The acquisition of Fibermind reaffirms Accenture’s commitment to continuously invest in strategic acquisitions that support and accelerate our clients’ transformations across key industry sectors in Italy,” said Mauro Macchi, president and CEO of Accenture in Italy.

The acquisition will strengthen Accenture’s capabilities to offer end-to-end network engineering services, Macchi said.

More than 400 professionals from Fibermind will join Accenture Operations, with expertise spanning network design, permits management, technical office and local directive project management office (PMO) work, network acceptance testing, network documentation and home connection.

“This acquisition will significantly strengthen our expertise in the telecommunications network engineering services, boosting our growth in a strategic sector for the country,” said Roberto Pagella, who leads Accenture Operations in Italy. “The synergies with Fibermind will allow us to create a center of excellence in engineering services where technology and data enhance and amplify human skills and knowledge.”

“We welcome the opportunity to grow by joining Accenture and become part of its global network. The combination of our expertise and capabilities represents an important opportunity for us to strengthen our leadership in Italy and to expand outside the country,” said Andrea Targa, general manager, Fibermind.

Accenture has previously acquired Arca, AFD.TECH and umlaut in Europe aimed at building the company’s infrastructure engineering scale and capability for 5G and fiber in the region.