Accenture has entered into an agreement to acquire Schlumberger Business Consulting (SBC), the management consulting unit of Schlumberger, a global leader in oilfield services. The acquisition will expand the capabilities of Accenture Strategy in helping the world’s major exploration and production companies achieve greater competitiveness and growth. Terms of the acquisition were not disclosed, and completion of the acquisition is subject to regulatory approval and other customary closing conditions.
Schlumberger Business Consulting (SBC) is a leading management consulting provider in the upstream oil and gas industry, and a leading player in the energy sector more generally. The company provides consulting services in strategy, operations, people & transformation, capital projects, and mergers & acquisitions. Founded in 2004, Schlumberger Business Consulting has grown rapidly to become a global consulting firm, with over 250 consultants operating from nine offices worldwide.
“The acquisition will further strengthen Accenture Strategy’s ability to provide key strategic insights to clients in the upstream oil and gas industry,” said Mark Knickrehm, group chief executive, Accenture Strategy. “Our technology-driven business strategies and digital knowledge complement the core consulting strengths of the professionals who will join us through this acquisition.”
