Accenture Acquires Davies Consulting, Adding Strong Asset, Risk and Emergency Management Expertise for the Digital Electric and Gas Company of the Future
Accenture (NYSE: ACN) has acquired Davies Consulting, an innovative provider of utility asset management, risk management, grid and pipeline network modernization and emergency management services. Together, the organizations will continue to support utilities in their mission to deliver safe, reliable and affordable energy amid evolving customer demands, shareholder needs and other business issues.
Accenture's utilities industry practice includes consulting and end-to-end digital asset management services, which complements Davies Consulting's 25-year track record of innovation in utility operational risk management, asset investment and emergency preparedness and response. Together, the practices support utility clients as they optimize their operations and improve enterprise resiliency to hazards and threats.
"Our utilities business is already the industry leader in grid services," said Tony Masella, managing director, who leads Accenture's North America utilities practice. "Joining with Davies Consulting will further strengthen our ability to help utility clients manage energy delivery by integrating technology analytics and processes. Together, we will provide a full suite of asset management solutions to serve the rapidly evolving needs of the industry. As regulators focus more on asset failure prediction and prevention, in addition to managing the consequences of asset failures, now is the time for a more integrated approach to digital asset management solutions."
The acquisition is the latest Accenture transaction in the utilities sector following its combination in 2015 with Structure, a leader in grid operations. Davies Consulting's employees are part of the Digital Asset Management group in Accenture's transmission and distribution practice.
"We look forward to joining forces with Davies Consulting to provide our clients with innovative asset management solutions and to create growth opportunities for our people," said Bill Ernzen, managing director, who leads Accenture's transmission and distribution practice in North America. "Davies Consulting brings a team of professionals with deep utility industry expertise that will complement and expand our capabilities and talent."
Grant Davies, Davies Consulting's founding partner, said, "Joining with Accenture will enable our team to do more of what we do best. Our team will continue supporting strong connections between our utility clients' strategic business goals and day-to-day operational decision making. We're excited to add Accenture's end-to-end business and technology services to our toolbox, and we're confident that our shared commitment to client service, delivery quality and industry specialization will continue to differentiate us in this market."
Based in Chevy Chase, Maryland, Davies Consulting was founded in 1991. Since then, its team of more than 20 professionals has worked with numerous private and public utility clients, including more than 50 Fortune 500 companies.
Accenture (NYSE: ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions - underpinned by the world's largest delivery network - Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
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