Accenture to Acquire Blue Horseshoe, Deepening Customer-Centric Supply Chain Transformation Capabilities
Accenture has announced the acquisition of Blue Horseshoe, a firm specializing in supply chain management and strategy consulting. This move aims to enhance Accenture's capabilities in fulfilling client demands across industries, including food and beverage, retail, and logistics. Founded in 2001 and based in Carmel, Indiana, Blue Horseshoe will integrate its team of 349 professionals into Accenture's Supply Chain & Operations group. Financial terms of the transaction were undisclosed, with completion subject to customary conditions.
- Expansion of Accenture's capabilities in supply chain management with Blue Horseshoe's expertise.
- Potential for increased market share and enhanced service offerings in fulfillment and distribution.
- Synergies from Blue Horseshoe's existing partnerships with major software and cloud providers.
- None.
Accenture (NYSE: ACN) has agreed to acquire Blue Horseshoe, a supply chain management and strategy consulting firm and systems integrator specializing in fulfillment and distribution solutions. Blue Horseshoe helps clients across industries, including food and beverage, consumer packaged goods, retail distribution, and transportation and logistics, define and plan their enterprise strategy, connect and collaborate with business applications, and optimize and execute supply chain operations. Terms of the transaction were not disclosed.
Blue Horseshoe to become part of the Accenture family (Graphic: Business Wire)
Founded in 2001, Blue Horseshoe is headquartered in Carmel, Indiana, with additional offices in Ohio, Colorado and North Carolina, as well as Amsterdam in The Netherlands and Tallinn in Estonia. Blue Horseshoe’s team of 349 people will join Accenture’s Supply Chain & Operations group, expanding its capabilities for helping clients create supply chains that are interconnected, intelligent and innovative.
“To be competitive, companies need to transform their supply chains to deliver the innovative and hyper-personalized products, services and experiences that are in high demand—and fulfillment is core to that transformation,” said Renato Scaff, Accenture’s Supply Chain & Operations North America lead. “Blue Horseshoe’s deep fulfillment consulting experience and methodologies support Accenture’s vision for building customer-centric, resilient and responsible supply chains that benefit people, society and the planet.”
Offering cloud-based solutions for supply chain management, enterprise resource planning, warehouse management and transportation management systems, Blue Horseshoe helps clients transform their businesses and deliver growth-led supply chains. Accenture and Blue Horseshoe also share key ecosystem partnerships with software application, hardware, and cloud platform providers. Blue Horseshoe is a Microsoft Inner Circle Partner with specialization in Microsoft’s Dynamics 365 Supply Chain Management, Oracle NetSuite and Manhattan supply chain applications.
“For two decades, we’ve worked with clients to build connectedness, efficiency and automation across their enterprise and supply chain operations,” said Chris Cason, CEO, Blue Horseshoe. “As part of Accenture, we will bring increased scale and combined expertise to help clients put in place next generation supply chain and fulfillment strategies that meet customer expectations and support business growth.”
Completion of the acquisition is subject to customary closing conditions.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: Accenture and Blue Horseshoe will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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