Accentureannounced on Tuesday it has acquiredEnergyQuote JHA, a London-based energy management and procurement services provider.
EnergyQuote JHA specializes in energy procurement, risk management and strategy development with services honing in on forecasting, energy contracts, carbon emissions reduction and utility bill management across more than 22 European countries.
Accenture itself offers a myriad of consulting, outsourcing and other technology services to businesses in more than 120 countries.
With this buy, the global consulting firm is establishing a greater footprint in Europe in delivering energy procurement capabilities and energy management as-a-service to corporations.
Financial terms of the deal have not been disclosed, and neither party announced when the deal is expected to be completed.
But if and when approved, EnergyQuote JHA's 279 employees based in offices across Europe and India are expected to join Accenture.
The acquisition follows up Accenture's new deal inked with shipbuilder Hyundai Heavy Industries last week, tackling the high seas through the Internet of Things movement.
The partnership entails designing a connected smart ship with real-time analytics promising greater safety and efficiency in the shipping industry.
Earlier this month, Accenture launched its new Insights Platform, billed as an Analytics-as-a-Service type suite targeted toward C-Suite executives as well as data scientists.
Touted especially for utilities and workforce management, among other use cases, Accenture boasted upon its debut that enterprises could provision in 24 hours and generate insights within weeks through its cloud platform.