Consulting firm Accenture entered into an agreement Tuesday to acquire Schlumberger Business Consulting, the management consulting unit of Houston-based Schlumberger.
Terms of the acquisition and the value of the deal weren’t disclosed.
Schlumberger Business Consulting provides consulting services in strategy, operations, people and transformation, capital projects and mergers and acquisitions.
Founded in 2004, Schlumberger Business Consulting is a global consulting firm with over 250 consultants operating from nine offices worldwide.
Following completion of the acquisition, all of the Schlumberger Business Consulting employees and associated knowledge assets are expected to join Accenture and become part of Accenture Strategy, Accenture said.
“The acquisition will further strengthen Accenture Strategy’s ability to provide key strategic insights to clients in the upstream oil and gas industry. Our technology-driven business strategies and digital knowledge complement the core consulting strengths of the professionals who will join us through this acquisition,” group chief executive Accenture Strategy Mark Knickrehm said.
Completion of the acquisition is still subject to regulatory approval and other customary closing conditions.
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries.