Acuity Knowledge Partners has completed the acquisition of a Bristol- and Munich-based provider of AI-powered digital transformation services.
Ascent, which was founded two decades ago and now works with over 170 businesses across Europe and North America, will now look to build a global technology services business unit.
It currently has over 550 specialists in data, software and cloud.
The acquisition expands Acuity鈥檚 global workforce to over 6,500 analysts and industry experts, and takes it into new sectors, including reinsurance, pharma, manufacturing and retail.
The London FinTech aims to deliver research, data, analytics and AI-driven services to the financial sector.
鈥淭his acquisition marks a pivotal moment for Acuity, as we elevate our development of AI-led solutions and open new market opportunities,鈥� said Robert King, CEO of Acuity. 鈥淭his acquisition allows us to meet the demand for digital transformation services driven by AI adoption.聽
鈥淲e warmly welcome the Ascent team into the Acuity family, and we are excited to explore the many opportunities ahead of us as a combined business.鈥�
Acuity鈥檚 existing partnership with Microsoft will be strengthened too by the integration of Ascent. The firm now holds seven Microsoft specialisations across four solution areas.
Jon O鈥橠onnell, COO at Acuity, added: 鈥淭he integration of Ascent means we can combine our advanced understanding of AI platforms, scale our impact, deliver even greater value to customers and position Acuity at the forefront of domain-led digital transformation.鈥�
All teams from Ascent will be seamlessly absorbed into Acuity Knowledge Partners.
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