Accenture to Strengthen Its Engineering Capabilities for the Aerospace and Defense Industry with Acquisition of SIPAL's Integrated Product Support Business in Italy

Accenture (NYSE:ACN) has agreed to acquire the Integrated Product Support (IPS) business of SIPAL in Italy. The acquisition will strengthen Accenture's engineering capabilities for Italian and European aerospace and defense clients.

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Accenture has agreed to acquire the Integrated Product Support (IPS) business of SIPAL in Italy.

SIPAL's Italian IPS business provides engineering services to ensure the operational availability of complex products and systems, such as aerial and land vehicles or naval vessels, throughout their entire life cycle. It serves major aerospace and defense organizations and is involved in several national and European defense programs. The part of SIPAL's business that Accenture intends to acquire also provides services in product engineering, industrial engineering, manufacturing support and training. It is headquartered in Turin and has offices across Italy.

The operations will help Accenture better support organizations in Italy and Europe in the development of software-defined solutions and next-generation integrated systems for military vehicles, aerostructures and naval vessels. Upon close, the area of the company dedicated to SIPAL's IPS activities (about 250 engineering professionals) will join Accenture's service for digital engineering and manufacturing and infrastructure and capital projects, Industry X.

Teodoro Lio, Market Unit Lead for Accenture in Italy, said: "By acquiring SIPAL's Italian IPS business, we once again confirm our commitment to investing in Italian excellence and support sectors that are strategic to the country. SIPAL's highly specialized defense engineering capabilities, combined with our deep product engineering, digital, data and AI expertise, will create an exceptional capability to drive reinvention across these industries, in Italy and Europe."

Ignazio Dogliani, SIPAL's CEO, said: "Today, SIPAL warmly welcomes the proposed acquisition of SIPAL's IPS area by Accenture, a truly global company with strong roots in Italy and across Europe, confident that this marks the beginning of a new chapter of growth. This transaction represents an extraordinary opportunity to deliver even greater value to clients and to enable the IPS team to expand its presence in a broader and more international market."

The acquisition is part of Accenture's ongoing commitment to helping companies reinvent how they design, engineer and manufacture products and services with technology, specialized talent and intelligent processes. It continues Accenture's long-term strategy to expand the company's engineering and technology innovation capabilities in Italy and to contribute to accelerating the digital transformation of industries critical to the country's growth. Since 2023, Accenture has completed six strategic acquisitions in Italy. These include Ammagamma (AI), Intellera Consulting (public sector and healthcare), IQT Group (net-zero infrastructure), Fibermind (5G and fiber networks), Customer Management IT and SirfinPA (public sector, justice and security).

The financial terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.

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," "aspires," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "goal," "target" and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture and SIPAL 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, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical 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 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; risks and uncertainties related to the development and use of AI could harm the company's business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills 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 faces legal, reputational and financial risks from any failure 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 ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company's results of operations could be adversely affected; Accenture's profitability could materially suffer due to pricing pressure, 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 results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture's debt obligations could adversely affect its business and financial condition; 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; as a result of Accenture's geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; 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 global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; 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 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, as updated in Item 1A, "Risk Factors" in its Quarterly Report on Form 10-Q for the second quarter of fiscal 2025, 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.

About Accenture

Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 801,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com

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Armando Barone

Accenture

+39 348 5608969

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Jens Derksen

Accenture

+49 1755761393

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Alessia Quaglio

Accenture

+39 340 7093200

[email protected]