Divestiture • Information Technology

Accenture Acquires BRIDGE Energy Group

On June 3, 2019, Accenture acquired information technology company BRIDGE Energy Group from Spike Exploration

Acquisition Context
  • This is Accenture’s 57th transaction in the Information Technology sector.
  • This is Accenture’s 69th transaction in the United States.
  • This is Accenture’s 6th transaction in Massachusetts.

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M&A Deal Summary

Date June 3, 2019
Target BRIDGE Energy Group
Sector Information Technology
Buyer(s) Accenture
Sellers(s) Spike Exploration
Deal Type Divestiture

Target Company

BRIDGE Energy Group

Marlborough, Massachusetts, United States
BRIDGE Energy Group, Inc. is a provider of operational technology (OT), Information technology (IT) and domain consulting and systems integration expertise to improve their grid reliability, work, and asset management and customer operations. BRIDGE Energy Group was founded in 2004 and is based in Marlborough, Massachusetts.
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Buyer Overview 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 Context for Buyer #
Overall 149 of 358
Sector: Information Technology 57 of 160
Type: Divestiture 18 of 29
State: Massachusetts 6 of 10
Country: United States 69 of 134
Year: 2019 10 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Zielpuls

Munich, Germany

Zielpuls GmbH is a technology consultancy company provides architecture, development, engineering and management services for complex digital products and services. Work examples include an automated car parking system and development of the architecture for driver assistance systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Deja vu Security

Seattle, Washington, United States

Deja vu Security LLC is a provider of information security research and consulting services to some of the world’s largest and most-esteemed technology companies. Deja vu Security provides clients with strategic insight, proactive advice, tactical assessment, and outsourced development. Deja vu Security LLC was founded in 2011 and is based in Seattle, Washington.

Buy -

Seller Profile 1

SELLER

Spike Exploration

Stavanger, Norway

Category Company
Founded 2012
Sector Oil/Gas Exploration
DESCRIPTION

Spike Exploration is an independent E&P company that will pursue exploration and appraisal opportunities in the North Sea. Spike Exploration was founded in 2012 and is based in Stavanger, Norway.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-14 BRIDGE Energy Group

Marlborough, Massachusetts, United States

BRIDGE Energy Group, Inc. is a provider of operational technology (OT), Information technology (IT) and domain consulting and systems integration expertise to improve their grid reliability, work, and asset management and customer operations. BRIDGE Energy Group was founded in 2004 and is based in Marlborough, Massachusetts.

Buy $164M