Accenture to Acquire Soben to Boost Capital Project Capabilities

Accenture ACN has announced its agreement to acquire Soben, a global construction consultancy firm. While the financial terms remain undisclosed, the acquisition aims to enhance Accenture’s capabilities in managing large-scale capital projects, particularly in the data center sector.

Soben’s Expertise and Global Presence

Founded in 2011, Soben operates with a 250-member team, offering services such as project management consultancy, scheduling, project controls, cost and commercial management, advisory services, and carbon cost management. The company serves major hyperscalers and co-location providers across key regions, including Europe, the United States, Latin America, India and Australia.

Upon completion of the acquisition, Soben will join Accenture’s infrastructure and capital projects practice within Industry X.

Expanding Accenture’s Global Capabilities

This move is expected to enhance Accenture’s ability to help clients overcome challenges in planning and executing large-scale infrastructure and modernization projects.

ACN’s research highlights common obstacles in capital projects, such as supply chain disruptions, labor shortages, and cost overruns. With data center investments projected to exceed $200 billion in key regions over the next few years, this acquisition strengthens Accenture’s position in a high-growth market.

The acquisition aligns with Accenture’s broader expansion strategy, complementing previous buyouts, including Anser Advisory (USA), Comtech Group (Canada), BOSLAN (Spain), and IQT Group (Italy).

By leveraging Soben’s industry expertise and Accenture’s digital capabilities, the deal is expected to drive efficiencies and solidify Accenture’s hold in infrastructure and capital project management.

ACN’s Zacks Rank & Stocks to Consider

Accenture carries a Zacks Rank #3 (Hold) at present.

Some better-ranked stocks are PayPal Holdings, Inc. PYPL and Palantir Technologies Inc. PLTR.

PayPal Holdings has a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

PYPL has a long-term earnings growth expectation of 11.7%. It delivered a trailing four-quarter earnings surprise of 14.3%, on average.

Palantir Technologies carries a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 31.4%. PLTR delivered a trailing four-quarter earnings surprise of 12.7%, on average.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research