Accenture to Acquire AddVal Technology Inc., Enhancing Freight-Management Capabilities
NEW YORK. — Accenture (NYSE: ACN) has entered into an agreement to acquire the business of AddVal Technology Inc. (AddVal), a privately owned provider of end-to-end shipment-management products and services to global freight-management and airline-cargo companies. Based in Cupertino, Calif., AddVal has a software development center in Chennai, India.
The acquisition would provide Accenture with AddVal’s industry-leading technology platform for freight order management and strengthen Accenture’s Freight and Logistics practice, which provides a wide variety of services to the global freight-management industry.
Specifically, the acquisition would enhance Accenture’s ability to help clients modernize their freight management services and accelerate integration of the freight management systems with key finance, business intelligence and other management systems. As part of the acquisition, AddVal employees are expected to transition to Accenture.
“This acquisition is a strategic fit for both Accenture and AddVal and reflects our commitment to help our clients in the freight and logistics industry become high-performance businesses,” said Paul Tournier, managing director of Accenture’s Freight & Logistics practice. “The combination of Accenture’s services and solutions and the unique technology platform AddVal has developed will help companies in the broader freight management services industry achieve operational efficiency and truly global integration faster and more effectively than ever before.”
Adriana Diener, AddVal’s chief executive officer, said, “Joining forces with Accenture will help us extend and deliver our tools and capabilities to a broader market and enable us to offer clients a full complement of consulting and technology services, industry knowledge and expertise to help bring the industry to the next level.”
The acquisition is subject to the satisfaction of customary closing conditions and is expected to close within 45 days. Terms of the agreement are not being disclosed.
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