In a strategic move to bolster its capabilities in artificial intelligence (AI), Accenture (NYSE: ACN) has successfully concluded the acquisition of Ammagamma, a prominent firm based in Modena, Italy. The undisclosed deal, part of Accenture’s significant $3 billion investment in AI, marks a crucial step towards advancing clients’ transformative journeys through the widespread application of AI technologies.

The acquisition, officially announced on November 28, 2023, not only expands Accenture’s footprint but also integrates more than 90 skilled AI professionals into its workforce. The newly acquired talent pool includes engineers, mathematicians, economists, historians, philosophers, and designers, strengthening Accenture’s position as a leader in AI-driven solutions.

Founded in 2013, Ammagamma has been dedicated to enhancing the productivity and performance of Italian companies by harnessing the potential of AI. Operating in a vital economic region, the company serves key sectors and supply chains ranging from automotive to pharmaceuticals. In the past year alone, Ammagamma has made remarkable strides, doubling its staff and increasing turnover. The company collaborates with leading entities in the energy, insurance, banking, utilities, and media sectors, contributing significantly to the awareness and application of AI technology in society.

Accenture’s commitment to investing in the large-scale application of AI aligns seamlessly with Ammagamma’s mission. The synergy created by this acquisition not only consolidates Accenture’s position as a frontrunner in AI solutions but also fosters collaboration between experts from various fields.

The financial details of the transaction were not disclosed, but the implications are clear: the union of Accenture and Ammagamma signifies a powerful alliance, poised to drive innovation and elevate the impact of AI on businesses across Italy and beyond. The melding of these two entities represents a pivotal moment in the AI landscape, where expertise converges to shape the future of technology and its applications.

You can check out the official notification here.