Accenture has entered into an agreement to buy energy management and procurement services provider EnergyQuote JHA.
Terms of the deal have not been disclosed and the acquisition is subject to customary closing conditions. Accenture said the deal would “bolster Accenture’s energy procurement capabilities in Europe and further enhance its ability to deliver energy management as a service to clients”.
Jonathan Lydiard-Wilson, CEO of EnergyQuote JHA, who founded the firm in 1992, said: “This agreement with Accenture will benefit the clients of both companies, combining our proprietary technology and extensive market intelligence with Accenture’s own industry-leading procurement capabilities and global reach.”
Mike Salvino, group chief executive of Accenture Operations, said: “Clients are increasingly seeking a single provider of energy procurement and management services that can address the full spectrum of needs – from reducing demand and risk to improving pricing and payment accuracy – across all geographies.”
EnergyQuote JHA employs 279 people across Europe and in India. Accenture generated revenues of $30 billion (£19.24 billion) in the year to 31 August 2014.
In 2009 EnergyQuote acquired broker and consultancy John Hall Associates.