Accenture buys retail tech services firm

In a bid to enhance its retail technology transformation capabilities, Accenture (NYSE:ACN) has agreed to acquire Minneapolis, Minnesota-based Logic.

Financial terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory approvals.

Founded in 1997, Logic is a retail technology services firm that works with retailers to drive customer loyalty, boost revenue, and increase agility. It employs around 800 professionals across offices in 11 countries that serve more than 150 retail clients worldwide.

The deal will expand Accenture’s (ACN) retail capabilities with the addition of essential skills in core technologies and platforms, as well as artificial intelligence and generative AI, to drive innovation for clients.

It marks the fourth acquisition announced by the IT firm since the start of July.