{New York} — December 30, 2025 — Leads & Copy — Accenture (NYSE: ACN) has agreed to acquire Cabel Industry from the Fibonacci Group, enhancing its technology capabilities for mid-size financial institutions.
The acquisition will integrate Cabel Industry’s expertise in core banking and IT managed services into Accenture Financial Advanced Solutions & Technology (AFAST), Accenture’s technology center of excellence for financial services in Italy. The deal will add approximately 200 skilled professionals to AFAST, bolstering its ability to deliver IT solutions for banking and insurance, including credit management, and accelerate technology adoption among mid-market institutions.
Teodoro Lio, market unit lead for Accenture in Italy, said that the integration of Cabel Industry would significantly strengthen Accenture’s core banking proposition, enabling faster delivery of flexible, industrialized solutions aligned with the evolving technology priorities of Italian banks.
Massimiliano Colangelo, Financial Services lead for Accenture in Italy and Greece, said the acquisition would create synergies for clients and a stronger platform for innovation and efficiency. He added that it would further support financial institutions in their IT reinvention journeys.
Andrea Pettinelli, CEO of the Fibonacci Group and Chairman of Cabel Industry, believes Accenture’s expertise and global network will ensure continuity of service for Cabel Industry’s clients while providing opportunities for its employees to expand their skillsets. Pettinelli also anticipates that integrating Cabel Industry’s capabilities into AFAST will lead to new technology solutions and greater value for clients.
Since 2023, Accenture has completed seven strategic acquisitions in Italy, including IQT (Engineering Managed Services), Ammagamma (AI), Intellera Consulting (Public Administration), Fibermind (5G and fiber networks), Customer Management IT and SirfinPA (Justice and Security), and SIPAL’s Integrated Product Support business (Aerospace and Defense).
Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.
Contact:
Andrea Pettinelli, CEO of the Fibonacci Group and Chairman of Cabel Industry
Source: Accenture
