Accenture buys grid services firm Davies Consulting
Accenture has acquired Davies Consulting, a provider of utility asset management, risk management, grid and pipeline network modernization and emergency management services
Accenture has acquired Davies Consulting, a provider of utility asset management, risk management, grid and pipeline network modernization and emergency management services.
Officials with both companies said that Davies Consulting’s 25-year track record in utility operational risk and asset management will complement the work in Accenture’s own utilities industry practice. No financial terms were disclosed regarding the deal.
“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.”
Davies employees are moving into the digital asset management group in Accenture’s transmission and distribution practice. Lately, Accenture has been growing its space in the utilities sector, including the acquisition of grid operations firm Structure in 2015.
“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.”
Based in Chevy Chase, Maryland, Davies Consulting was founded in 1991. Davies has more than 20 professionals who work with numerous private and public utility clients.
“Joining with Accenture will enable our team to do more of what we do best,” Grant Davies, founding partner, said. “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.”
Accenture is a global professional services company, providing services and solutions in strategy, consulting, digital, technology and operations. It has more than 394,000 employees worldwide with expertise in more than 40 industries.