Accenture announced on December 24 2025 that it will acquire Cabel Industry, an Italian technology firm that delivers core banking and IT‑managed services to mid‑size financial institutions, from the Fibonacci Group. The deal, which is subject to customary closing conditions, will bring roughly 200 highly‑skilled professionals into Accenture’s portfolio and is expected to be completed later in 2025.
Cabel Industry specializes in modernizing core banking platforms and providing credit‑management solutions. Its client base consists mainly of mid‑size banks across Italy, and the company has built a reputation for delivering flexible, industrialized solutions that align with the evolving technology priorities of its banking customers.
The acquisition will strengthen Accenture’s Financial Advanced Solutions & Technology (AFAST) unit, giving the firm deeper expertise in core banking modernization, credit management, and managed services for the banking and insurance sectors. By integrating Cabel Industry’s platform, Accenture aims to accelerate the delivery of scalable, cloud‑native solutions that meet the regulatory and digital‑transformation demands of European banks.
Accenture has been actively expanding its financial‑services footprint in Italy, adding companies such as IQT, Ammagamma, Intellera Consulting, and others earlier this year. The Cabel Industry deal continues that strategy, positioning Accenture as a leading provider of end‑to‑end financial services technology across Europe and reinforcing its competitive advantage in a market where digital transformation and regulatory compliance are driving significant investment.
"The integration significantly strengthens our core banking proposition and will enable us to accelerate the delivery of flexible, industrialized solutions aligned with the evolving technology priorities of Italian banks," said Teodoro Lio, Accenture’s market unit lead for Italy. Massimiliano Colangelo, Accenture’s Financial Services lead for Italy and Greece, added that combining Cabel Industry’s capabilities with AFAST’s existing assets will create important synergies for clients and build a stronger platform for innovation and efficiency. Andrea Pettinelli, CEO of the Fibonacci Group and chairman of Cabel Industry, noted that "innovation in banking increasingly depends on economies of scale," and that Accenture’s global network will ensure continuity of service for Cabel Industry’s clients.
The transaction expands Accenture’s core banking platform, broadens its managed‑services offering, and positions the company to capture growing demand for digital transformation and regulatory compliance solutions across European banks. The addition of Cabel Industry’s expertise is expected to open new revenue opportunities and reinforce Accenture’s market leadership in the financial‑services technology space.
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