November 17, 2010. Deloitte Touche Tohmatsu Ltd., one of the world’s largest networks for accounting and professional services, is talking with Roland Berger Strategy Consultants on a potential business combination. Deloitte’s takeover is aimed at creating a global strategy market leader with an annual revenue of about $2.8 billion.
The parties will make a decision by mid-December, Deloitte Germany Chief Executive Martin Plendl told… Read the rest
OCTOBER 11, 2010. With their fees under pressure and merger and acquisition activity still sluggish, management consulting firms are turning to emerging markets like China and India for growth.
The consultants’ emphasis on developing markets is yet another shift for an industry that has had to refocus its work force multiple times over the past decade. During the dot-com boom, clients sought e-commerce advice. After… Read the rest
AUGUST 24, 2010. Accounting giant PricewaterhouseCoopers LLP has agreed to pay $378 million for Diamond Management & Technology Consultants Inc., highlighting further consolidation in the sector.
Big consulting firms, still suffering from recessionary aftershocks, have been seeking to grow through acquisitions. Aon Corp. agreed earlier this month to buy human-resources firm Hewitt Associates Inc. for nearly $5 billion, tripling the size of its own consulting… Read the rest
JULY 7, 2010. Management consultancies A.T. Kearney Inc. and Booz & Company called off discussions about a possible merger that would have given the two midsize firms greater scale in a highly competitive industry.
The two have flirted with each other multiple times over the years without completing a deal. The most recent talks occurred on and off over the past six months, says a… Read the rest
JULY 13, 2010. In another sign of consolidation in the management-consulting industry, Aon Corp. agreed to buy Hewitt Associates Inc. in a cash-and-stock deal valued at about $4.9 billion.
The two are the latest consulting-industry players to flirt or agree to a deal in recent weeks as firms seek to get bigger to woo more global business. The industry is still suffering from recessionary aftershocks.… Read the rest