The acquisition is expected to strengthen Accenture’s experience and capabilities in smart grid solutions, especially grid operations, as well as energy commodity trading and risk management (CTRM).
Terms of the transaction were undisclosed.
Accenture Resources operating group senior managing director Omar Abbosh said: "Structure’s capabilities in grid operations and power systems engineering, combined with Accenture’s global strengths in information technology (IT), will provide our clients with comprehensive end-to-end solutions and services to support the integration of operational technologies with IT systems, forging a path toward a smarter, more digital grid.
"This includes the deployment of advanced distribution management systems and automation solutions, as well as improved outage management and grid analytics.
"We also plan to combine Structure’s market operations and commodities trading services with Accenture’s capabilities in digital asset management to help our clients optimize their commercial positions."
Upon completion of transaction, which is subject to regulatory review and other customary closing conditions, more than 190 employees of Structure will operate within Accenture’s Resources operating group.
Structure managing partner Lelon Winstead said: "We believe Structure’s end-to-end expertise in smart grid, commodities trading and market operations aligns well with Accenture’s grid operations and energy commodities trading businesses."
