Acquisition strengthens Accenture's ability to help clients with data and artificial intelligence (AI) and contribute to Japanese companies' growth and competitiveness.
Accenture (NSE: ACN) is to acquire Japanese data science company ALBERT Inc. (President and CEO: Tokyo Stock Exchange Growth Market, Securities Code: 3906), after completing a tender offer. The acquisition will add a large team of data scientists to Accenture to further strengthen its data and AI capabilities for clients.
The tender offer was launched on Sept. 29 and closed Nov. 14. The number of ALBERT's common shares and stock acquisition rights tendered to Accenture significantly exceeds the threshold required for ALBERT to become part of Accenture, equal to two-thirds of the ALBERT stock. Upon completion of the transaction, ALBERT will be part of Accenture. Accenture expects to purchase all remaining shares and stock acquisition rights in the coming months, after which ALBERT will be delisted from the Tokyo Stock Exchange.
To continue reading, become an ALM digital reader
Benefits include:
- Authoritative and broad coverage of the business of consulting
- Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
- An informative newsletter that goes into the trends shaping the industry
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
