Accenture to Acquire SKS Group

Acquisition Strengthens SAP® and Regulatory Capabilities for Banking Clients in Germany, Austria and Switzerland

Accenture (NYSE: ACN) has agreed to acquire SKS Group, a consulting firm that helps banks across Germany, Austria and Switzerland modernize their technology infrastructure and address regulatory requirements using SAP S/4HANA® solutions. Terms of the transaction were not disclosed.

The acquisition will expand Accenture's technology, consulting and regulatory services capabilities, while enhancing its ability to serve specialized banks, such as national promotional banks that provide financial and development assistance to local businesses and communities.