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.
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