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How Acquisitions Are Contributing to Accenture’s Growth

Aaron Hemsworth
Updated
How Acquisitions Are Contributing to Accenture’s Growth

In order to boost its Industry X.0 platform, Accenture (ACN) acquired Pillar Technology and Mindtribe in the fourth quarter of fiscal 2018. The company also bought Designaffairs during the quarter. The company invested $201 million on acquisitions during the quarter as compared with around $463 million in Q4 2017. The company ended fiscal 2018 having invested nearly $658 million to acquire 13 companies as compared with 36 companies in 2017 for around $1.7 billion.

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