Posts Tagged “merger”
Big 4 firm PWC has completed its acquisition of Booz & Co following regulatory and partner approval. Booz & Co is an international consultancy business and currently employs around 3,000 staff including 130 partners worldwide.
Booz & Co are now to become part of the PWC network and the consultancy firm will now be known as Strategy &, which will be used alongside the PwC name and brand.
The company has already rebranded its website to Strategy &.
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PWC has acquired global consultancy firm Booz & Co. The deal will boost PWC’s revenues and increase their global workforce.
Booz & Co. currently have around 3,000 staff including 130 partners worldwide.
Before the deal could go through it had to first be approved by a partner vote. This happened in December of last year and the result was the acquisition received the approval needed.
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Following the merger of BDO and PKF this year, the firm hope to raise their revenue next year. PKF’s financial planning division did not integrate with BDO.
BDO’s revenues grew by 10% to £312m in ‘12/13. This figure also included three months of trading with PKF.
Pre-merger revenue figures for the two firms in ‘11/12 saw a combined income of £384m. Now that the merger is complete the firm hopes to reach the £384m figure next year.
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