Engineering to Sell Alfahealth and Industries eXcellence Units to Accenture
Overview of the Engineering and Accenture Deal
Details of the Transaction
June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.
- No value for the transaction was disclosed.
About Alfahealth and Industries eXcellence
- Alfahealth and Industries eXcellence respectively offer digital solutions for Italy's healthcare and industrial sectors.
Financial Impact of the Sale
- Together they accounted for about 18% of Engineering's consolidated net revenues and 25% of adjusted core earnings (EBITDA) in 2025.
Strategic Implications
- The transaction will help sharpen Engineering's focus on its core segments and further accelerate its fast-growing AI offering, the company said.
- Accenture said separately that the two acquisitions were part of its strategy of integrating software, data and AI to accelerate the competitiveness and transformation of Italy's strategic sectors.
Expected Timeline and Approvals
- The transactions are expected to close in fourth quarter of this year, depending on antitrust and eventual Italian government approvals under "golden power" rules, among other conditions.
(Reporting by Mirko Miorelli, editing by Alvise Armellini)
