Accenture has entered into an agreement to acquire Schlumberger Business Consulting.

Terms of the acquisition were not disclosed, and completion of the acquisition is subject to regulatory approval and other customary closing conditions.

Schlumberger Business Consulting provides consulting services in strategy, operations, people and transformation, capital projects, and mergers and acquisitions. Accenture is a global management consulting, technology services and outsourcing company.

“Our management consulting expertise combined with a deep understanding of exploration and production technologies and industry challenges perfectly complement Accenture’s broader portfolio of strategy, consulting, digital, and technology services,” said Jean-Marie Rousset, SVP, Schlumberger Business Consulting.

“The acquisition will further strengthen Accenture Strategy’s ability to provide key strategic insights to clients in the upstream oil and gas industry,” said Mark Knickrehm, group chief executive, Accenture Strategy.

Source: - Offshore / Oil & Money