Accenture M&A Hits 30 In 2024 With Buy Of SAP Partner Camelot Management Consultants

Accenture’s acquisition spree in 2024 continued Tuesday as the solution provider giant buys SAP consulting specialist Camelot Management Consultants, marking its 30th purchase this year.

The acquisition engine at Accenture is on full throttle in 2024 as the solution provider powerhouse unveiled the purchase of SAP consulting specialist Camelot Management Consultants.

The purchase of Germany-based Camelot marks the 30th acquisition for Accenture this year, whose sales are currently on a $66 billion annual run rate. Camelot was recently named a top SAP Digital Supply Chain Focus partner within SAP’s Diamond initiative for the second consecutive year.

This year may be Accenture’s largest acquisition year ever as CRN has tracked a total of 30 acquisitions in 2024 for Accenture thus far.

Purchases this year span the gamut of IT as well as global footprint—ranging from Boston-based supply chain company OnPress Technology and New York-based cloud MSP Navisite to London-based cloud security consultancy 6point6 and Italy-based generative AI specialist Ammagamma.

Accenture Buys SAP And AI Supply Chain Specialist Camelot Management Consultants

Camelot Management Consultants is an international SAP-focused management and consultant firm that focuses on supply chain, data and analytics.

The goal is for Camelot to significantly boost Accenture’s SAP and AI-driven supply chain capabilities to help customers build more resilient and intelligent supply chains. Camelot will also help drive sales in analytics, data strategy and modernization by helping Accenture customers build a strong foundation for accelerating the adoption of AI.

Christina Raab, market unit lead for Accenture in Germany, Austria and Switzerland, said in a statement that many organizations struggle to navigate global disruptions, comply with evolving regulations, meet rising customer expectations and keep pace with technological developments.

“Driving value faster requires extraordinary flexibility and a reinvention of traditional approaches,” said Raab. “With Camelot’s deep supply chain expertise, we will be even better equipped to help organizations thrive amid disruption to stay relevant and grow.”

In May 2023, Accenture acquired a similar SAP-focused consulting specialist with the purchase of Norway-based Einr.

Accenture does not provide any financial numbers for its acquisitions.

Accenture Acquisitions In July 2024

In July, Accenture acquired Excelmax Technologies, an India-based semiconductor design services provider.

Excelmax provides custom silicon solutions used in consumer devices, data centers, artificial intelligence and computational platforms that enable edge AI deployments to clients in the automotive, telecommunications and high-tech industries.

Excelmax looks to boost Accenture’s evolution around generative AI, specialized chips and silicon development.

Accenture also acquired Minnesota-based retail technology services Logic in July.

Logic operates in 11 countries and serves more than 150 retail clients on a global basis with capabilities in cloud computing, analytics, stores and merchandising. Logic brings 800 professionals with knowledge in retail-focused technical strategies into Accenture.

“We have built our expertise in making strategic acquisitions over the last decade, leveraging a strong balance sheet. We have used this expertise to expand into new growth areas, scale in hot areas and geographies and continue to build strength in our industry and functional consulting,” said Accenture CEO Julie Sweet during the company’s third-quarter earnings call in June. “And then finally, remember we invest in acquisitions to drive organic growth. So it’s all about future growth.”