ABOUT THE RESEARCH ABOUT ACCENTURE In mid-2017, Accenture Strategy surveyed 1,100 Accenture is a leading global professional services C-Suite executives representing 13 industries in company, providing a broad range of services seven countries. We explored strategic areas and and solutions in strategy, consulting, digital, opportunities where companies are harnessing technology and operations. Combining unmatched technology to increase business value. experience and specialized skills across more than 40 industries and all business functions— underpinned by the world’s largest delivery NOTES network—Accenture works at the intersection of 1 business and technology to help clients improve All data is sourced from the Accenture Strategy 2017 study, their performance and create sustainable value for “Tech-Led Change in M&A,” unless otherwise noted. their stakeholders. With 449,000 people serving 2 https://www.siemens.com/press/en/pressrelease/?press= clients in more than 120 countries, Accenture /en/pressrelease/2017/corporate/pr2017030247coen.htm drives innovation to improve the way the world 3 Ibid. works and lives. Visit us at www.accenture.com. 4 https://imaa-institute.org/mergers-and-acquisitions-statistics/ 5 “AGL Sells Digital Metering Business to Ausgrid,” by Cole ABOUT ACCENTURE STRATEGY Latimer. The Sydney Morning Herald, November 6, 2017. Accenture Strategy operates at the intersection 6 “Acquisitions of Digital Agencies, Ad-Tech and Analytics of business and technology. We bring together Firms Surge,” by George Slefo. AdAge, August 10, 2016. our capabilities in business, technology, operations 7 “Artificial Intelligence – An Authentic Opportunity for Mergers and function strategy to help our clients envision and Acquisitions,” by Mark Burdon. The Deal Room, August 17, 2016. and execute industry-specific strategies that support 8 http://wolterskluwer.com/company/newsroom/news/2017/07/ enterprise wide transformation. Our focus on issues wolters-kluwer-launches-ai-enhanced-ma-clause-analytics-to- related to digital disruption, competitiveness, streamline-merger-agreement-process.html global operating models, talent and leadership 9 http://www.bakermckenzie.com/en/newsroom/2017/08/ help drive both efficiencies and growth. For ai-to-enhance-ma-and-transactional/ more information, follow @AccentureStrat 10 or visit www.accenture.com/strategy. Accenture Strategy M&A research, October 2016. 11 Ibid. This document makes descriptive reference to trademarks that may be owned by others. The use of such trademarks herein is not an assertion of ownership of such trademarks by Accenture and is not intended to represent or imply the existence of an association between Accenture and the lawful owners of such trademarks. Copyright © 2018 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered. are trademarks of Accenture.