Accenture plc ACN yesterday announced that it has inked a deal to acquire Myrtle Consulting Group, an industrial operations consulting firm. The deal closure is subject to customary closing conditions. Financial terms of the deal have been kept under wraps.
Headquartered in Houston, TX, Myrtle specializes in optimizing clients’ production, supply-chain operations, sourcing and execution. The company is also equipped with change management methodology, organization design and implementation, leadership development, and frontline coaching services.
Edwin Bosso, CEO and founder of Myrtle, will be joining Accenture as managing director. Employees of Myrtle will join Accenture Industry X.
Over the past six months, shares of Accenture have gained 28.3% compared with 26.6% rise of the industry it belongs to and 24.1% growth of the Zacks S&P 500 composite.
How Will Accenture Benefit?
The buyout will help Accenture boost its manufacturing and supply-chain capabilities. It is likely to enhance Accenture’s potential to transform