Accenture has entered into an agreement to acquire Kurt Salmon, a global strategy firm focused on the retail industry. The acquisition will expand Accenture’s Retail capabilities in delivering end-to-end strategy consulting services to top retailers and private equity firms in a world disrupted by digital.
Founded in 1935, Kurt Salmon has more than 260 employees in offices in the U.S., Germany, UK, Japan and China. Kurt Salmon is a subsidiary of Management Consulting Group.
Completion is subject to regulatory approvals, approval of the transaction by Management Consulting Group’s shareholders. Following completion of the acquisition, Kurt Salmon’s employees are expected to join the Accenture Strategy Retail practice.
“With digital disruption forcing retailers to rethink their entire business and operating models, we expect continued strong demand for strategy consulting services in this industry,” said Mark Knickrehm, CEO of Accenture Strategy. “This acquisition will enhance our ability to deliver the industry-specific strategies that our clients are increasingly seeking, in order to drive competitiveness and operational excellence at the intersection of business and technology.”
Brooks Kitchen, CEO of Kurt Salmon, says retail clients are increasingly looking for agile and pragmatic solutions. “Joining Accenture will enable us to bring new value to our clients in a collaborative, global and client-centric environment that aligns with our company culture and mission,” he says.