Accenture to expand smart grid operations and energy trading and risk management services through acquisition of Structure

accenture1Accenture is to acquire Structure, a provider of consulting, system integration and customised solutions and services to energy and utilities clients. The terms of the transaction were not disclosed.

“Bringing together two very similar cultures with deep skills in the utilities and energy industries reinforces our ability to help our clients solve some of the most complex and critical challenges that lie at the heart of the digital transformation,” said Omar Abbosh, senior managing director, Accenture Resources operating group. “Structure’s capabilities in grid operations and power systems engineering, combined with Accenture’s global strengths in information technology (IT), will provide our clients with comprehensive end-to-end solutions and services to support the integration of operational technologies with IT systems, forging a path toward a smarter, more digital grid.

“This includes the deployment of advanced distribution management systems and automation solutions, as well as improved outage management and grid analytics. We also plan to combine Structure’s market operations and commodities trading services with Accenture’s capabilities in digital asset management to help our clients optimize their commercial positions.”

Founded in 1998, Structure is based in Houston. Its more than 190 employees will operate within Accenture’s Resources operating group.

The acquisition of Structure is the second for Accenture in the energy sector within a few months – in August last year it acquired Hytracc Consulting, an IT services company that provides IT consulting services to firms in the oil & gas sector. In December last year Accenture acquired Australia-based digital agency Reactive Media.

USA, Houston, TX

Related articles:

Accenture Completes Acquisition of Acquity Group Posted on July 9, 2013

%d bloggers like this: