Huron Acquires AXIA Consulting to Enhance Supply Chain Capabilities and Technology Solutions
Huron (NASDAQ: HURN) has acquired AXIA Consulting, enhancing its supply chain consulting capabilities and technology solutions. The acquisition strengthens Huron's supply chain offerings in industrials, manufacturing, retail, and healthcare sectors, while expanding its Oracle SCM and Microsoft capabilities. AXIA, bringing approximately 130 client-facing employees, specializes in supply chain process optimization, people transformation, and digital leadership across various industries. The majority of AXIA's revenue will be integrated into Huron's Commercial Segment.
Huron (NASDAQ: HURN) ha acquisito AXIA Consulting, potenziando le sue capacità nel consulting della supply chain e le soluzioni tecnologiche. Questa acquisizione rafforza l'offerta di Huron nella supply chain nei settori industriale, manifatturiero, retail e sanitario, espandendo le sue capacità in Oracle SCM e Microsoft. AXIA, che porta circa 130 dipendenti a contatto con i clienti, si specializza nell'ottimizzazione dei processi della supply chain, nella trasformazione delle persone e nella leadership digitale in diversi settori. La maggior parte delle entrate di AXIA sarà integrata nel segmento commerciale di Huron.
Huron (NASDAQ: HURN) ha adquirido AXIA Consulting, mejorando sus capacidades de consultoría en la cadena de suministro y soluciones tecnológicas. La adquisición fortalece la oferta de Huron en la cadena de suministro en los sectores industrial, manufacturero, minorista y de salud, al tiempo que amplía sus capacidades en Oracle SCM y Microsoft. AXIA, que aporta aproximadamente 130 empleados en contacto con los clientes, se especializa en la optimización de procesos de la cadena de suministro, la transformación de personas y el liderazgo digital en diversas industrias. La mayor parte de los ingresos de AXIA se integrará en el segmento comercial de Huron.
Huron (NASDAQ: HURN)이 AXIA Consulting를 인수하여 공급망 컨설팅 능력과 기술 솔루션을 강화했습니다. 이번 인수는 산업, 제조, 소매 및 건강 관리 분야에서 Huron의 공급망 제공을 강화하며, Oracle SCM 및 Microsoft 능력을 확장합니다. AXIA는 약 130명의 고객과 접촉하는 직원을 보유하고 있으며, 다양한 산업에서 공급망 프로세스 최적화, 인력 혁신 및 디지털 리더십을 전문으로 합니다. AXIA의 수익 대부분은 Huron의 상업 부문에 통합될 것입니다.
Huron (NASDAQ: HURN) a acquis AXIA Consulting, renforçant ainsi ses capacités en matière de consultation de la chaîne d'approvisionnement et ses solutions technologiques. Cette acquisition renforce l'offre de Huron dans le domaine de la chaîne d'approvisionnement dans les secteurs industriel, manufacturier, du commerce de détail et de la santé, tout en élargissant ses capacités en matière de SCM Oracle et de Microsoft. AXIA, qui compte environ 130 employés en contact direct avec les clients, est spécialisée dans l'optimisation des processus de la chaîne d'approvisionnement, la transformation des personnes et le leadership digital dans divers secteurs. La majorité des revenus d'AXIA sera intégrée au segment commercial de Huron.
Huron (NASDAQ: HURN) hat AXIA Consulting akquiriert und damit seine Beratungskapazitäten im Bereich der Lieferkette sowie technologische Lösungen verbessert. Die Akquisition stärkt Hurons Angebot in den Bereichen Industrie, Fertigung, Einzelhandel und Gesundheitswesen und erweitert die Fähigkeiten in Oracle SCM und Microsoft. AXIA, das rund 130 kundennahe Mitarbeiter beschäftigt, hat sich auf die Optimierung von Lieferkettenprozessen, die Transformation von Personen und digitale Führung in verschiedenen Branchen spezialisiert. Der Großteil der Einnahmen von AXIA wird in Hurons Geschäftssegment integriert.
- Acquisition expands Huron's service offerings in supply chain consulting
- Addition of 130 client-facing employees strengthens workforce
- Enhances technological capabilities in Oracle SCM and Microsoft solutions
- Diversifies sector exposure across industrials, manufacturing, retail, and healthcare
- None.
Insights
This strategic acquisition significantly enhances Huron's market position in the supply chain consulting space, particularly strengthening their Oracle SCM and Microsoft capabilities. With approximately 130 client-facing employees joining from AXIA, this deal materially expands Huron's delivery capacity and expertise in high-demand sectors like industrials, manufacturing, retail and healthcare.
The acquisition aligns with industry consolidation trends where larger consulting firms are acquiring specialized boutiques to expand their technical capabilities and client base. While financial terms weren't disclosed, AXIA's revenue will predominantly flow into Huron's Commercial Segment, likely providing meaningful revenue synergies through cross-selling opportunities and expanded service offerings.
This deal should positively impact Huron's competitive positioning against larger consulting firms, especially in the growing supply chain transformation market. The timing is strategic given the increased focus on supply chain resilience and digital transformation post-pandemic.
Acquisition strengthens Huron’s supply chain consulting and Oracle supply chain management (SCM) offerings and broadens Microsoft capabilities
“We are thrilled to welcome the entire AXIA team to Huron,” said Mark Hussey, chief executive officer and president at Huron. “This acquisition enables us to help our clients build more resilient supply chains and operations as they seek to strengthen their competitive advantage and drive profitable growth.”
This acquisition deepens and extends Huron’s market-leading capabilities, bringing together AXIA’s strengths in supply chain process optimization, people transformation, and digital leadership to deliver impactful solutions at every step of a client’s business transformation. With the integration of AXIA’s expertise, Huron is well-positioned to deliver innovative, data-driven strategies and supply chain solutions that empower clients to navigate today’s complex market landscape.
“We are excited about what this acquisition means for AXIA,” said Ed Mueller, Chairman and former CEO of AXIA. “This acquisition enhances our ability to deliver superior supply chain solutions and provides our team with additional growth opportunities. Together, we are committed to delivering exceptional value and advancing our clients’ strategic goals and objectives.”
“Joining Huron is an exciting opportunity for us to continue building on our long and successful track record of delivering great value for our clients,” said Justin Browder, CEO of AXIA. “Our values and commitment to our people, client success and innovation align perfectly with Huron and will allow us to maintain our strong culture. We look forward to leveraging our combined expertise across industries and technologies to deliver exceptional solutions and drive even more transformative results for our clients.”
AXIA has a proven track record of helping manufacturing, retail and distribution organizations as well as healthcare, education, financial services and utilities organizations solve complex challenges by transforming organizations, optimizing processes, and modernizing technology to drive results and deliver real impact.
All members of the AXIA team will join Huron, including approximately 130 client-facing employees. Both Huron and AXIA are values-led, people-focused organizations dedicated to delivering client success through deep collaboration and integrity.
It is expected that the significant majority of AXIA’s revenue will be included in the Commercial Segment. Terms of the acquisition were not disclosed. Clearsight Advisors served as exclusive financial advisor to AXIA.
ABOUT HURON
Huron is a global professional services firm that collaborates with clients to put possible into practice by creating sound strategies, optimizing operations, accelerating digital transformation, and empowering businesses and their people to own their future. By embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. Learn more at www.huronconsultinggroup.com.
Statements in this press release that are not historical in nature, including those concerning the company’s current expectations about its future results, are “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as “may,” “should,” “expects,” “provides,” “anticipates,” “assumes,” “can,” “will,” “meets,” “could,” “likely,” “intends,” “might,” “predicts,” “seeks,” “would,” “believes,” “estimates,” “plans,” “continues,” “goals,” “guidance,” or “outlook” or similar expressions. These forward-looking statements reflect the company's current expectations about future requirements and needs, results, levels of activity, performance, or achievements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: failure to achieve expected utilization rates, billing rates, and the necessary number of revenue-generating professionals; inability to expand or adjust our service offerings in response to market demands; our dependence on renewal of client-based services; dependence on new business and retention of current clients and qualified personnel; failure to maintain third-party provider relationships and strategic alliances; inability to license technology to and from third parties; the impairment of goodwill; various factors related to income and other taxes; difficulties in successfully integrating the businesses we acquire and achieving expected benefits from such acquisitions; risks relating to privacy, information security, and related laws and standards; and a general downturn in market conditions. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including, among others, those described under “Item 1A. Risk Factors” in Huron's Annual Report on Form 10-K for the year ended December 31, 2023 that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. The company disclaims any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.
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MEDIA CONTACT
Allie Bovis
abovis@hcg.com
INVESTOR CONTACT
John D. Kelly
investor@hcg.com
Source: Huron
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