Deloitte in talks to take over Roland Berger Strategy Consultants
18/11/2010
Deloitte's US consultancy division is in talks to take over Roland Berger Strategy Consultants, the companies have confirmed.


Fuente: http://www.consultant-news.com   Fecha: 18.11.2010

Deloitte in talks to take over Roland Berger Strategy Consultants

Germany’s Roland Berger Strategy Consultants and Deloitte’s strategic consulting practice said they are in advanced merger talks. Deloitte’s takeover is aimed at creating a global strategy market leader with an annual revenue of about $2.8 billion.

Shareholder meetings of both companies are to decide on the deal in mid-December, which will challenge McKinsey Co.'s dominance in the strategy market.

The new firm would be called Roland Berger Deloitte Strategy Consultants, according to media reports, and would be led by Martin Wittig, Roland Berger’s chief executive, as CEO and Jeff Watts, Deloitte’s global strategy and operations leader, as deputy chief executive.

The deal follows the consolidation trend in the industry. Earlier this year Aon acquired Hewitt Associates for $4.9bn to strengthen its human resources consulting arm, and merger talks between Booz & Co and AT Kearney failed to reach an agreement in the summer.

Deloitte bought the bulk of the North American public services consulting arm of BearingPoint for $350m last year.

Founded in 1967, Munich-based Roland Berger employs about 2,000 people in more than two dozen countries and generated revenues of €616 million in 2009, the company said.

Deloitte, based in New York, employs approximately 170,000 people worldwide and delivers services in audit, tax, consulting, and financial advisory in 140 countries, with global revenue for 2010 totalling $26.6 billion, the company said. Revenue from its various consulting divisions was $7.5bn.