Accenture, the global management consulting firm, has agreed to acquire Javelin Group, a London-based provider of strategic retail and digital transformation services.
Terms of the transaction weren’t disclosed and the completion is subject to regulatory approval and other customary closing conditions.
Founded in 1997, Javelin employs more than 160 people and generates the majority of its revenues outside the U.K. Services include digital market assessment, omnichannel retail planning, retail analytics and supply chain fulfillment.
“The acquisition of the Javelin Group will reinforce our ability to deliver large-scale transformation in the retail industry,” said Mark Knickrehm, group chief executive officer of Accenture’s strategy unit. “It will also strengthen the portfolio of industry knowledge and digital capabilities that makes Accenture Strategy increasingly relevant in a market demanding sector specific strategies and solutions.”
Tony Stockil, chief executive officer of Javelin, commented, “As digital technologies intensify the scale of the challenges and opportunities facing consumer brands and retailers, the combination of Accenture’s global reach and digital transformation capabilities and Javelin Group’s specialist retail expertise will bring new value to those businesses.”
Based in Dublin, Accenture’s global consulting services generate more than $30 billion annually in revenue.