The acquisition, initially announced on July 21, strengthens Accenture’s energy procurement capabilities in Europe, enhancing its ability to deliver energy management as a service to clients, the company said in a press release Monday.
EnergyQuote JHA provides services including energy risk management and strategy development, forecasting, energy contract management, portfolio management, carbon emissions reduction and utility bill validation and has clients in more than 22 European countries.
“EnergyQuote JHA’s deep industry expertise, analytics capabilities, proprietary technology platform and delivery scale complements Accenture’s existing energy procurement and management capabilities,” said Mike Salvino, group chief executive, Accenture Operations. “The acquisition bolsters our ability to provide differentiated end-to-end services to our clients, helping them to reduce risk and improve pricing and payment accuracy.”
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries.
EnergyQuote JHA employees based across Europe and India will join Accenture. Out of the 279 employees in question, approximately 140 employees are based in the EnergyQuote JHA office in Iasi, Romania, opened eight years ago.
“With this acquisition, the Accenture Romania team will increase to over 2,000 employees, also taking into consideration organic business growth in Bucharest, the purchase of Evopro in Cluj-Napoca and Targu Mures in March 2014 and the opening of a new BPO center in Timisoara in April 2014,” said Razvan Patrunoiu , Accenture country managing director in Romania.