Italian digital services company Engineering announced on Wednesday that it has agreed to sell its Alfahealth and Industries eXcellence businesses to global consulting and technology firm Accenture, marking a significant step in its strategy to sharpen its focus on core operations and expand its artificial intelligence capabilities.
While the companies did not disclose the financial terms of the transaction, media reports estimated the deal's value at around €900 million ($1 billion).
The two units specialize in providing digital solutions for Italy's healthcare and industrial sectors and have become important contributors to Engineering's business over the years.
According to the company, Alfahealth and Industries eXcellence together accounted for approximately 18percent of Engineering's total net revenue and nearly 25percent of its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2025. Their sale represents a major portfolio restructuring for the Italian technology group.
Engineering is jointly controlled by private equity firms Bain Capital and NB Renaissance. The company reported adjusted core earnings of €280.3 million for 2025 and said the divestment would allow it to strengthen investments in its primary business areas while accelerating the growth of its rapidly expanding AI-focused services.
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Accenture said the acquisitions align with its broader strategy of combining software, data, and artificial intelligence to support digital transformation and improve competitiveness across key industries.
By integrating the two businesses, the consulting giant aims to deepen its presence in Italy and enhance its ability to serve clients in healthcare and manufacturing.
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The transaction is expected to close during the fourth quarter of 2026, subject to customary regulatory approvals. These include clearance from Italian government authorities and competition regulators.
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The deal highlights the growing importance of AI-driven digital transformation strategies, as both companies reposition themselves to capitalize on increasing demand for advanced technology solutions across critical sectors of the economy.