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Accenture has entered into an agreement to acquire Cabel Industry, an Italian technology company specializing in core banking platforms and IT managed services for mid-sized financial institutions. The announcement was made on December 24, 2025, marking another strategic move by Accenture to expand its financial services technology footprint in Italy.
The acquisition will strengthen Accenture Financial Advanced Solutions & Technology (AFAST), the company’s center of excellence for financial services in Italy. By integrating Cabel Industry’s specialized banking platforms and approximately 200 skilled professionals, Accenture aims to enhance its ability to deliver advanced IT solutions for banks and insurance companies, particularly in core banking modernization, credit management, and managed services.
Accenture stated that the deal will help accelerate technology adoption among mid-market financial institutions, enabling them to build more scalable, competitive, and resilient business models in response to evolving industry demands.
Teodoro Lio, Market Unit Lead for Accenture in Italy, highlighted that core banking and credit management services are undergoing significant transformation driven by modernization, scalability, and productivity requirements. He emphasized that Cabel Industry’s specialized platform and domain expertise will significantly strengthen Accenture’s core banking offerings for Italian banks.
Massimiliano Colangelo, Financial Services Lead for Accenture in Italy and Greece, noted that combining Cabel Industry’s capabilities with Accenture’s existing AFAST assets will create meaningful synergies for clients. The integration is expected to support financial institutions across their IT reinvention journeys, from core system modernization to industrialized managed services.
Andrea Pettinelli, CEO of the Fibonacci Group and Chairman of Cabel Industry, stated that joining Accenture will ensure continuity of service for clients while offering expanded growth and skill development opportunities for employees. He added that Accenture’s global network and scale will help accelerate innovation and deliver increased value to customers.
This acquisition follows Accenture’s continued expansion in Italy, where the company has completed seven strategic acquisitions since 2023 across areas including AI, engineering services, public administration, 5G networks, justice and security, and aerospace and defense.
The transaction is subject to customary closing conditions, and financial terms were not disclosed.
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This article is based on an official press release published by Accenture. All company names, trademarks, and statements belong to their respective owners. The information provided is for informational purposes only and does not constitute financial, legal, or investment advice.
