Accenture in Talks to Buy Booz & Co.

by Christopher Freeburn | July 31, 2013 9:12 am

accenture[1]Sources tell the Wall Street Journal that Accenture (ACN[2]) is negotiating a deal to purchase privately-held consulting firm Booz & Co., though no agreement has yet been finalized[3].

Booz & Co. has a strong presence in operations consulting, a market in which Accenture would like to increase its business. If a deal is secured, it will mark just the latest acquisition by Accenture, which has already purchased two other companies this year.

Formerly a division of Booz Allen Hamilton (BAH[4]), Booz & Co. was spun off from the defense and government services contractor in 2008. The consulting business generated revenue of $1.4 billion last year, up from $1.2 billion in 2011.

Accenture’s, which competes with IBM (IBM[5]) and Hewett-Packard (HPQ[6]) in the global enterprise consulting business, posted $27.9 billion in worldwide revenue during its most recent fiscal year. The company employs 266,000 workers, compared to 3,000 for Booz & Co.

Shares of Accenture were flat in Wednesday pre-market trading.

  1. [Image]:
  2. ACN:
  3. though no agreement has yet been finalized:
  4. BAH:
  5. IBM:
  6. HPQ:

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