Accenture (ACN) said on Tuesday that it had agreed to acquire a majority stake in artificial intelligence data center construction and engineering firm DLB Associates.
Accenture will acquire 65% of DLB, and upon the deal closing, DLB’s approximately 620 employees will join Accenture‘s Industry X practice, the company said in a statement. Terms of the deal were not disclosed.
“As AI-driven demand for data center capacity accelerates, our clients increasingly face infrastructure constraints that impact their core value chains,” said Julie Sweet, chair and CEO, Accenture. “Along with DLB’s deep expertise, Accenture will offer an end-to-end capability from the earliest stages of conceptual design and strategic site development through to advanced engineering, rapid deployment, and operational performance. This approach will ensure our clients can meet the ever-increasing demands of AI with speed, scale and reliability.”
Closing of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals.
Accenture shares were fractionally lower in late morning trading.
