Accenture (NYSE: ACN) has completed its acquisition of SKS Group, a Hochheim, Germany-based consulting firm that helps banks modernize their technology infrastructure and address regulatory requirements using SAP S/4HANA® solutions.
Financial terms of the transaction, previously announced on January 10, were not disclosed.
The acquisition further expands Accenture’s technology, consulting and regulatory services capabilities, while enhancing its ability to serve specialized banks, such as national promotional banks that provide financial and development assistance to local businesses and communities. The deal includes all of SKS Group’s businesses. The team of approximately 500 professionals join Accenture Technology.
SKS Group’s businesses support financial institutions across Germany, Austria and Switzerland in the development, implementation, and operation of SAP solutions for core banking services and analytics. The firm also has an extensive suite of risk, regulatory services and compliance capabilities, including its observatory tool which maps regulatory requirements to help banks manage their reporting processes.
FinSMEs
17/02/2023