In May 2006, SK Telecom started the world's first commercial 3.5-generation HSDPA service, featuring high-quality video telephony and data transmission, and global roaming access. ", Christina Raab, market unit lead for Accenture in Germany, Austria and Switzerland, added: "With SKS Groups deep industry knowledge and technology expertise, we will be in an even stronger position to help banks modernize their legacy technology, manage risk and accelerate growth. The acquisition will expand Accentures technology, consulting, and regulatory services capabilities, while enhancing its ability to serve specialized banks. Norinco has been ranked among the forefront of China's 500 largest state-owned enterprises the shipping service selected, the seller's shipping history, and other factors . These capabilities, together with our culture of shared success and commitment to creating 360 value, enable us to help our clients succeed and build trusted, lasting relationships. formId: "6b658745-904b-48d0-ade4-6f82e7230044" you can also click the topics button on the main page. SKS Group B.V., under the ownership of Mr S. Khebreh, founded WSM Engineering B.V. in Heythuysen in 2015 and acquired Vander Weide van Bragt B.V. in Eindhoven and Venlo in 2017. History: The SKS group is compound of experienced business people, entrepreneur talent and a wide range of business skills in different disciplines such as: Food & Beverage, technology, economy, law, information management etc. Martin Schuhmann, co-founder and managing director of SKS Group, added: "Accenture's global scale and scope will provide our people with exciting new opportunities to take banks' digital transformations to the next level, deliver superior customer experiences and improve regulatory reporting processes." Accenture M&A Activity As consumers banking needs and preferences change, banks business models will have to evolve to keep pace and remain relevant., Martin Schuhmann, co-founder and managing director of SKS Group, said, Accentures global scale and scope will provide our people with exciting new opportunities to take banks digital transformations to the next level, deliver superior customer experiences and improve regulatory reporting processes.. SKS Technologies Group Limited designs, supplies, and installs audiovisual, electrical, communication products and services primarily in Australia. SKS Group co-founder and managing director Martin Schuhmann said: "Accenture's global scale and scope will provide our people with exciting new opportunities to take banks' digital transformations to the next level, deliver superior customer experiences and improve regulatory reporting processes." . The financial terms of the deal were not disclosed. SK Group (Korean: SK, ) is the second largest South Korean Jaebol behind Samsung Group. HOCHHEIM, Germany, January 10, 2023--(BUSINESS WIRE)--Accenture (NYSE: ACN) has agreed to acquire SKS Group, a consulting firm that helps banks across Germany, Austria and Switzerland modernize their technology infrastructure and address regulatory requirements using SAP S/4HANA solutions. Martin Schuhmann, co-founder and managing director of SKS Group, said: "Accenture's global scale and scope will provide our people with exciting new opportunities to take banks' digital transformations to the next level, deliver superior customer experiences and improve regulatory reporting processes." . Get Email Address. And the terms of the transaction were not disclosed. Three imperatives to manage the cost of compliance, IT outsourcing and shared services trends, 10 steps for an effective core banking system selection, Engineering Effectiveness: Designing a powerful & customer-centric debt collection process, Webinar | Banking & Metaverse | What, Why & How, Webinar | Payments Modernization in the Middle East, Designing an effective customer-centric debt collection process, The Future of Digital Banking in Saudi Arabia, Growing Importance of Banking-as-a-Service. View the full release here: https://www.businesswire.com/news/home/20230109005777/en/, Accenture has agreed to acquire SKS Group, a consulting firm that helps banks across Germany, Austria and Switzerland modernize their technology infrastructure and address regulatory requirements using SAP S/4HANA solutions. The deal encompasses all of SKS Group's businesses, which support financial institutions in the development, implementation, and operation of SAP solutions for core banking services and analytics. [20][21] https://sks-group.eu Industries Financial Services Company size 201-500 employees Headquarters Hochheim am Main Type Public Company Founded 1999 Locations Primary Geheimrat-Hummel-Platz 4. Entities related to LIMITED LIABILITY COMPANY "SKS GROUP", 11. SKS Group co-founder and managing director Martin Schuhmann said: Accentures global scale and scope will provide our people with exciting new opportunities to take banks digital transformations to the next level, deliver superior customer experiences and improve regulatory reporting processes.. SKS Group B.V., under the ownership of Mr S. Khebreh, founded WSM Engineering B.V. in Heythuysen in 2015 and acquired Vander Weide van Bragt B.V. in Eindhoven and Venlo in 2017. Both of these companies are civil engineering firms. Strong technical know-how is a significant part of our service. The SKS is somewhat unusual in that, despite being widely encountered in the United States today, it had a relatively short and uneventful service life in Russia where it originated. the seller's shipping history, and other factors. Contact Information Website www.sks-group.eu Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Efficient logistics and wide range of stock products guarantees fast deliveries. Additionally, the organization listed the following activities: LIMITED LIABILITY COMPANY "SKS GROUP" is registered at 404130, Volgograd Oblast, Volzhskii, pr-kt im. BIM (Building Information Modelling), a digital representation of all physical and functional aspects of a building. $42.00 + $9.40 shipping. Delivery times may vary, especially during peak periods. As consumers banking needs and preferences change, banks business models will have to evolve to keep pace and remain relevant., Martin Schuhmann, co-founder and managing director of SKS Group, said: Accentures global scale and scope will provide our people with exciting new opportunities to take banks digital transformations to the next level, deliver superior customer experiences and improve regulatory reporting processes.. We cooperate closely with our partners which ensures high-class solutions. SKS Group is a property development and construction company founded in Malaysia in 1983. portalId: "5655542", Under the guidance of our Chairman, Mr Alan Sim, SKS Group stands at the forefront of the property development and construction industry. Adding some extra spice to the Malaysian airline market are would-be startups MYAirline and SKS Airways. Under the guidance of our Chairman, Mr Alan Sim, SKS Group stands at the forefront . A check with the Companies Commission of Malaysia shows that Sim owns 77% of SKS Group, while his daughter Cindi Sim holds the remaining 23% stake. SKS Airways are Island flight specialists operating Twin Otters aircrafts - ideal for short take-offs and landings (STOL) airports. Get Mobile Number. These risks include, without limitation, risks that: Accenture and SKS Group will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accentures results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the companys clients businesses and levels of business activity; Accentures business depends on generating and maintaining client demand for the companys services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the companys results of operations; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the companys business, the utilization rate of the companys professionals and the companys results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accentures ability to attract and retain business and employees may depend on its reputation in the marketplace; Accentures environmental, social and governance (ESG) commitments and disclosures may expose it to reputational risks and legal liability; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the companys results of operations could be adversely affected; Accentures profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accentures level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the companys effective tax rate, results of operations, cash flows and financial condition; Accentures results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accentures geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accentures business could be materially adversely affected if the company incurs legal liability; Accentures global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accentures work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accentures services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the "Risk Factors" heading in Accenture plcs most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. , and other factors Accentures technology, consulting, and other factors stock! 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