Accenture has agreed to acquire retail technology services company Logic in a move to improve its retail technology transformation capabilities.
The financial terms of the deal were not revealed.
Established in 1997, Logic supports retailers by helping them move faster, innovate smarter, and thrive amid retail disruption.
Based in Minneapolis, Minnesota, the firm has offices in 11 countries that cater to more than 150 retail clients globally.
Logic co-founder and CEO Bill Szlaius said: “For more than 25 years, our focus at Logic has been helping our retail clients move faster, innovate smarter and thrive in the face of retail disruption.
“Joining Accenture will enable us to expand our reach and accelerate our mission, providing even greater value to our clients and unlocking new growth opportunities for our talented team.”
Through the acquisition of Logic, Accenture aims to further enhance its ability to drive technology transformations for retail clients around the world with strong capabilities in merchandising, digital, stores, analytics, and cloud.
The deal is also expected to expand Accenture’s retail capabilities by incorporating key skills in core technologies and platforms along with artificial intelligence (AI) and generative AI to foster innovation for clients.
Accenture said that the acquisition highlights its commitment to empowering retailers to transform their organisations with technology. This will help them to better navigate the changing retail landscape.
Logic is also expected to bring its nearly 800 professionals with specialised skills in retail-focused technical strategies to Accenture Technology.
Accenture retail industry practice global lead Jill Standish said: “Business disruption is intensifying and requires retailers to embrace a strategy of continuous reinvention to deliver value across every part of the business with digital technology at the core.
“The addition of Logic’s expertise and industry-specific skills will further enhance our ability to deliver comprehensive retail solutions and drive transformative outcomes for our clients to thrive in this dynamic marketplace.”
The closing of the deal is subject to receipt of regulatory approvals and other customary conditions.
