Accenture to Acquire ALBERT After Completing Tender Offer
Acquisition will strengthen Accenture’s capacity to assist purchasers reinvent the enterprise with knowledge and synthetic intelligence (AI) and contribute to Japanese corporations’ development and competitiveness
TOKYO; November 15, 2022 – Accenture (NSE: ACN) is to purchase Japanese knowledge science firm ALBERT Inc. (President and CEO: Tokyo Stock Exchange Growth Market, Securities Code: 3906), after finishing a young provide. The acquisition will add a big workforce of information scientists to Accenture to additional strengthen its knowledge and AI capabilities for purchasers.
The tender provide was launched on September 29 and closed on November 14. The variety of ALBERT’s frequent shares and inventory acquisition rights tendered to Accenture considerably exceeds the brink required for ALBERT to turn into a part of Accenture, equal to two thirds of the ALBERT inventory. Upon completion of the transaction, ALBERT will probably be a part of Accenture. Accenture expects to buy all remaining shares and inventory acquisition rights within the coming months, after which ALBERT will probably be delisted from the Tokyo Stock Exchange.
ALBERT provides AI and large knowledge analytics providers, AI-based algorithm growth, AI implementation consulting, and knowledge science coaching assist, primarily to main companies in Japan. The firm was based in 2005 and was listed on the Tokyo Stock Exchange in 2015. Its knowledge science workforce of 250 everlasting staff and contractors will be part of Accenture’s Applied Intelligence observe, which supplies AI and data-led transformation options and providers.
ALBERT will strengthen Accenture’s capacity globally to assist its purchasers handle the full reinvention of their enterprises, which most profitable corporations will bear within the subsequent decade. Technology, knowledge and AI will remodel each a part of their business, enabling new methods of working and interesting with prospects, business fashions and development alternatives.
The acquisition will probably be Accenture’s newest step to additional strengthen its providers in Japan that use knowledge to digitally replicate all the enterprise and to assist Japanese corporations develop and turn into extra aggressive with deep knowledge analytics and AI experience. Accenture has launched a number of options for data-driven administration in Japan not too long ago, for instance, to forecast varied business eventualities and suggest actions to enhance the forecasts, and to assist purchasers’ ESG (surroundings, society, and company governance) practices.
Atsushi Egawa, who leads Accenture’s business in Japan, mentioned, “Companies today need a 360-degree view on their business to make better and faster decisions. They must look beyond the financials and include, for example, sustainability initiatives, customer experiences, and people development and retraining. Gaining this holistic perspective and being able to simulate every aspect of the business requires deep data science expertise and AI capabilities. Accenture and ALBERT’s team will bring these to clients to help them succeed in their total enterprise reinvention.”
Takeshi Matsumoto, President, and CEO of ALBERT, mentioned, “ALBERT’s philosophy is to connect the world with data science and co-create new value for a better future. As leading companies across industries are investing heavily in AI, we’re seeing growing demand for the technologies and skills that are the core of our business. By joining Accenture, which excels at addressing its clients’ most complex opportunities and issues, our team can drive even more value for clients and accelerate the implementation of AI in society.”
ALBERT will observe different acquisitions Accenture has made to strengthen its knowledge and AI capabilities for purchasers globally. These embody Analytics8 in Australia; Sentelis in France; Bridgei2i and Byte Prophecy in India; Pragsis Bidoop in Spain; Mudano within the UK; and Clarity Insights, End-to-End Analytics and Core Compete within the US.
About Accenture
Accenture is a worldwide skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised abilities throughout greater than 40 industries, we provide Strategy and Consulting, Technology and Operations providers and Accenture Song — all powered by the world’s largest community of Advanced Technology and Intelligent Operations facilities. Our 721,000 individuals ship on the promise of know-how and human ingenuity day-after-day, serving purchasers in additional than 120 nations. We embrace the facility of change to create worth and shared success for our purchasers, individuals, shareholders, companions and communities. Visit us at accenture.com .
Forward-Looking Statements
Except for the historic data and discussions contained herein, statements on this information launch might represent forward-looking statements throughout the which means of the Private Securities Litigation Reform Act of 1995. Words similar to “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and related expressions are used to determine these forward-looking statements. These statements contain various dangers, uncertainties and different elements that would trigger precise outcomes to differ materially from these expressed or implied. These dangers embody, with out limitation, dangers that: Accenture and ALBERT will be unable to shut the transaction within the time interval anticipated, or in any respect, which relies on the events’ capacity to fulfill sure closing circumstances; the transaction won’t obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and will sooner or later be, adversely affected by risky, unfavourable or unsure financial and political circumstances and the consequences of those circumstances on the corporate’s purchasers’ companies and ranges of business exercise; Accenture’s business depends upon producing and sustaining consumer demand for the corporate’s providers and options together with via the difference and growth of its providers and options in response to ongoing adjustments in know-how and choices, and a big discount in such demand or an lack of ability to reply to the evolving technological surroundings may materially have an effect on the corporate’s outcomes of operations; if Accenture is unable to match individuals and their abilities with consumer demand all over the world and entice and retain professionals with sturdy management abilities, the corporate’s business, the utilization price of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; Accenture faces authorized, reputational and monetary dangers from any failure to shield consumer and/or firm knowledge from safety incidents or cyberattacks; the markets during which Accenture operates are extremely aggressive, and Accenture won’t have the opportunity to compete successfully; Accenture’s capacity to entice and retain business and staff might depend upon its status within the market; Accenture’s environmental, social and governance (ESG) commitments and disclosures might expose it to reputational dangers and authorized legal responsibility; if Accenture doesn’t efficiently handle and develop its relationships with key ecosystem companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations could possibly be adversely affected; Accenture’s profitability may materially endure if the corporate is unable to receive favorable pricing for its providers and options, if the corporate is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies or fail to fulfill sure agreed-upon targets or particular service ranges; adjustments in Accenture’s stage of taxes, in addition to audits, investigations and tax proceedings, or adjustments in tax legal guidelines or of their interpretation or enforcement, may have a fabric opposed impact on the corporate’s efficient tax price, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations could possibly be materially adversely affected by fluctuations in international foreign money alternate charges; adjustments to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements may adversely have an effect on its monetary outcomes; on account of Accenture’s geographically various operations and technique to proceed to develop in key markets all over the world, the corporate is extra prone to sure dangers; if Accenture is unable to handle the organizational challenges related to its measurement, the corporate is perhaps unable to obtain its business targets; Accenture won’t achieve success at buying, investing in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s business could possibly be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s world operations expose the corporate to quite a few and generally conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to further dangers inherent within the authorities contracting surroundings; if Accenture is unable to shield or implement its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the corporate loses its capacity to make the most of the mental property of others, its business could possibly be adversely affected; Accenture could also be topic to criticism and unfavourable publicity associated to its incorporation in Ireland; in addition to the dangers, uncertainties and different elements mentioned beneath the “Risk Factors” heading in Accenture plc’s most up-to-date Annual Report on Form 10-Okay and different paperwork filed with or furnished to the Securities and Exchange Commission. Statements on this information launch communicate solely as of the date they have been made, and Accenture undertakes no obligation to replace any forward-looking statements made on this information launch or to conform such statements to precise outcomes or adjustments in Accenture’s expectations.
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Contacts:
Jens Derksen
Accenture Applied Intelligence
+49 175 57 61393
[email protected]
Kentaro Kanda
Accenture Japan
+81 45 330 7157
[email protected]
