A Look Back At February: 11 M&A Deals Reshaping The Channel
Submitted by Jimmy Sheridan on
Accenture
Company acquired: SinnerSchrader AG
Head count: 505
Annual revenue: $54 million
Purchase price: $9.54 per share
Date of announcement: Feb. 20
In a move to strengthen its interactive customer experience capabilities in Germany, Accenture agreed to purchase a 62 percent majority of SinnerSchrader AG from the co-founder/CEO, CFO and other shareholders at $9.53 per share.
The Chicago-based company reported that SinnerSchrader AG's co-founder Matthias Schrader will remain CEO of the company following the acquisition and, after a transition period, lead the joint digital agency business of Accenture Interactive in Germany, Austria and Switzerland.
The SinnerSchrader leadership team will be added to the existing Accenture Interactive leadership team, increasing the executive group's expertise.