Accenture Bolsters Supply Chain & Operations Capabilities in Australia with Acquisition of GRA
SYDNEY, Australia--(BUSINESS WIRE)--Mar 1, 2021--
Accenture (NYSE: ACN) has acquired Australian-based supply chain and logistics consulting firm, GRA. The acquisition strengthens Accenture’s Supply Chain & Operations capabilities that help public and private sector clients address complex supply chain demands to deliver dynamic customer experiences in line with responsible practices.
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Luke Tomkin (GRA), Steven Bray (GRA), Louise May (Accenture) & Carter McNabb (GRA) (Photo: Business Wire)
Founded in 1997, GRA has offices in Melbourne, Canberra and Brisbane with a team of 50 professionals. The firm specialises in end-to-end supply chain and logistics strategies and operations, working with some of Australia’s leading organisations in areas such as government, aerospace & defence and consumer goods to turn their supply chains into engines for growth.
“The pandemic has accelerated the need for businesses to transform their supply chains to become more customer-focused, agile, and socially responsible with the flexibility to withstand future disruptions. The addition of GRA will expand our supply chain and operations capabilities to help clients with their transformation to intelligent, customer-centric supply chains supporting profitable growth,” said Tara Brady, country managing director for Accenture in Australia & New Zealand.
“We are looking forward to starting a new chapter with Accenture and contributing our skills, culture and extensive supply chain capabilities to Accenture’s substantive network of clients and partners,” said Carter McNabb, a founding partner at GRA. “With supply chains across sectors at a pivotal junction, we are confident that this combination will enable both our team and clients to continue to grow and innovate at an accelerated pace.”
Louise May, who leads Strategy & Consulting for Accenture in Australia & New Zealand, said, “GRA brings deep knowledge and skills in supply chain strategy, planning and execution that complement our existing capabilities, and we are delighted to welcome them to the team. Their successful track record of delivering value across a range of industries is exceptional, and we are excited about the potential and opportunity this combination presents.”
Accenture’s acquisition of GRA follows other investments across Australia and New Zealand in the past 18 months, including cloud-native solutions provider Olikka in November 2020; SAP and cloud solutions technology firm Zag in October 2020; data analytics and supply chain management company Icon Integration in February 2020; business strategy and econometrics firm AlphaBeta in February 2020; specialist government consultancy Apis Group in December 2019 and big data and analytics company Analytics8 in August 2019.
Terms of the transaction are not being disclosed.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 514,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. For a discussion of risks and actions taken in response to the coronavirus (COVID-19) pandemic, see “Our results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic” under Item 1A, “Risk Factors” in Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended May 31, 2020. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; Accenture’s results of operations could be adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilisation rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and/or company data from security breaches or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s profitability could materially suffer if the company is unable to obtain favourable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to manage the organisational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilise the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture’s contracts include fees subject to the attainment of targets or specific service levels, which could increase the variability of the company’s revenues and impact its margins; Accenture might be unable to access additional capital on favourable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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CONTACT: Georgia Hewett
+61 417 699 567
KEYWORD: AUSTRALIA/OCEANIA AUSTRALIA
INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL TECHNOLOGY LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT SOFTWARE NETWORKS
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PUB: 03/01/2021 05:19 PM/DISC: 03/01/2021 05:19 PM