Accenture has signed an agreement to acquire Kurt Salmon, a retail strategy consulting firm and unit of Management Consulting Group.
The acquisition will bolster Accenture Strategy’s capabilities in delivering end-to-end strategy consulting services to retailers.
The deal is subject to regulatory approvals, approval by Management Consulting Group’s shareholders, and other customary closing conditions.
Kurt Salmon was founded in 1935 and has more than 260 employees serving various clients worldwide.
It has offices in the US and UK, as well as Germany, Japan and China.
It offers operational strategy consulting, including logistics and supply chain, merchandising and product development, corporate strategy and due diligence, and omnichannel retail strategy.
Accenture Strategy chief executive officer Mark Knickrehm said: “With digital disruption forcing retailers to rethink their entire business and operating models, we expect continued strong demand for strategy consulting services in this industry.
“This acquisition will enhance our ability to deliver the industry-specific strategies that our clients are increasingly seeking, in order to drive competitiveness and operational excellence at the intersection of business and technology.”
Kurt Salmon CEO Brooks Kitchel stated: “Our retail clients are increasingly looking for agile and pragmatic solutions from industry experts that enable their transformation journey and help them gain competitive advantage.
“Joining Accenture Strategy will enable us to bring new value to our clients in a collaborative, global and client-centric environment that aligns with our company culture and mission.”
Accenture Strategy retail industry lead Chris Donnelly said, “In an environment dominated by rapidly rising customer expectations, industry convergence and low barriers to entry, our retail clients are looking for end-to-end strategy solutions to navigate this disruption.
“Through this acquisition, we will be able to offer our clients a powerful combination of services to help shape the transformation of the retail sector.”
After the acquisition is completed, all Kurt Salmon employees are expected to join Accenture Strategy.