M&A Deal Summary

Accenture Acquires Solnet

On November 16, 2023, Accenture acquired information technology company Solnet

Acquisition Highlights
  • This is Accenture’s 129th transaction in the Information Technology sector.
  • This is Accenture’s 3rd transaction in New Zealand.

M&A Deal Summary
Date 2023-11-16
Target Solnet
Sector Information Technology
Buyer(s) Accenture
Deal Type Add-on Acquisition

Target

Solnet

Wellington, New Zealand
website
Solnet is an IT services provider with deep technology consulting experience for New Zealand government and private organizations across multiple industries. The company offers end-to-end consulting, solutions development, and managed services & operations, which enable it to support long-term engagements. Its advisory services focus on developing strategies and delivering the potential of new technologies. Solnet is based in Wellington, New Zealand.

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Buyer(S) 1

Buyer

Accenture

Dublin, Ireland

website

Category Company
Founded 1951
Sector Business Services
Employees624,000
Revenue 61.6B USD (2022)
DESCRIPTION

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Accenture was founded in 1951 and is based in Dublin, Ireland.

DEAL STATS #
Overall 294 of 315
Sector (Information Technology) 129 of 141
Type (Add-on Acquisition) 262 of 280
Country (New Zealand) 3 of 3
Year (2023) 19 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Shelby Group

Schaumburg, Illinois, United States

Shelby Group is a procurement technology consultancy with deep experience in Coupa and Ivalua solutions. Shelby Group was founded in 2002 and is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Incapsulate

Washington, District of Columbia, United States

Incapsulate is a digital transformation consulting firm that specializes in Salesforce solutions. Incapsulate was founded in 2008 and is based in Washington, District of Columbia.

Buy -
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