Overview
- Accenture agreed to buy a 65% stake in DLB Associates to expand data center design, advisory, and commissioning capabilities that help clients deploy AI infrastructure faster.
- About 620 DLB employees will join Accenture’s Industry X practice, with DLB leaders David Quirk and Neil Chauhan continuing to lead the team.
- Financial terms were not disclosed, and the transaction remains subject to regulatory approvals and customary closing conditions.
- Morgan Stanley upgraded Accenture to Overweight and raised its price target to $320 from $271.
- Accenture and Anthropic recently expanded their partnership by creating the Accenture Anthropic Business Group to train roughly 30,000 professionals and scale AI-powered software development offerings.