M&A Deal Summary

Accenture Acquires Arηs

On March 18, 2024, Accenture acquired information technology company Arηs from MML Capital Partners

Acquisition Highlights
  • This is Accenture’s 139th transaction in the Information Technology sector.
  • This is Accenture’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2024-03-18
Target Arηs
Sector Information Technology
Buyer(s) Accenture
Sellers(s) MML Capital Partners
Deal Type Add-on Acquisition

Target

Arηs

Belvaux, Luxembourg
Arηs Group specializes in the management of complex public sector IT projects, including systems integration, informatics and analytics, solution implementation, and program management. It helps lead clients through digital and information systems design, bringing expertise in a variety of areas ranging from software development, data science, and security management to machine learning, cloud, and mobile development. Arηs Group was formed in 2003 and is based in Belvaux, Luxembourg.

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Buyer(S) 1

Buyer

Accenture

Dublin, Ireland

Category Company
Founded 1951
Sector Business Services
Employees791,000
Revenue 64.9B USD (2024)
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 311 of 358
Sector: Information Technology M&A 139 of 160
Type: Add-on Acquisition M&A Deals 277 of 313
Country: Luxembourg M&A 1 of 1
Year: 2024 M&A 9 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Udacity

Mountain View, California, United States

Udacity is a digital education pioneer with deep expertise in the development and delivery of proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. Udacity was founded in 2011 and is based in Mountain View, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Flo Group

Rotterdam, Netherlands

Flo Group is a consultancy and Oracle business partner specializing in global supply chain logistics. Flo Group was formed in 2007 and is based in Rotterdam, Netherlands.

Buy -

Seller(S) 1

SELLER

MML Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €3.1 billion across 11 countries. MML Capital Partners was formed in 1988 and is based in London, United Kingdom.


DEAL STATS #
Overall 38 of 39
Sector: Information Technology M&A 3 of 4
Type: Add-on Acquisition M&A Deals 11 of 12
Country: Luxembourg M&A 1 of 1
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Gravotech

Rillieux-la-Pape, France

Gravotech designs, manufactures, and distributes engraving, marking, and cutting solutions, including laser and mechanical systems, software, and consumables for industrial, personalization, and signage applications. It serves global markets through a network of subsidiaries and partners, providing complete marking and traceability solutions tailored to diverse industry needs. Gravotech was founded in 1938 and is based in Rillieux-la-Pape, France.

Sell €123M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Cosegic

London, United Kingdom

Cosegic is a provider of compliance consultancy and RegTech services for firms that offer regulated financial services. The company offers FCA authorisation, ongoing compliance advisory, regulatory reporting, training, and compliance technology solutions. Cosegic was founded in 2003 and is based in London, United Kingdom.

Buy -