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The phrase "acknowledged that it would" is correct and usable in written English.
It can be used when someone is recognizing or admitting a future action or consequence.
Example: "The committee acknowledged that it would take time to implement the new policy effectively."
Alternatives: "recognized that it would" or "admitted that it would".
Exact(56)
On Sunday, Greece acknowledged that it would miss its deficit targets for this year, partly because the recession has been worse than feared.
In its statement today, DaimlerChrysler acknowledged that it would not be able to meet even the low expectations that Mr. Schrempp outlined three weeks ago.
In characteristically colorful terms, he acknowledged that it would be difficult for Fiat to break out of its dependence on less expensive, small cars.
Eddington acknowledged that it would.
They acknowledged that it would take time and patience.
Yet he acknowledged that it would not be easy.
They acknowledged that it would cover fewer people.
The government has belatedly acknowledged that it would be a shame to lose them.
But she acknowledged that it would be hard to erase that perception.
"She's coming, too," he said, though he acknowledged that it would take time.
He acknowledged that it would have been nice to go out on top, "like Michael Jordan".
More suggestions(18)
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grant that it would
identified that it would
established that it would
provided that it would
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contended that it would
said that it would
aware that it would
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com