|By PR Newswire||
|April 3, 2013 04:07 AM EDT||
LONDON, April 3, 2013 /PRNewswire/ --
Combined Firm Offers Clients Unrivaled Operations Expertise and Industry Experience
Global management consultancy Booz & Company announced today the closing of its acquisition of international consulting firm Management Engineers. The transaction was announced in February, subject to the approval of Booz & Company's partners.
"Our partnership voted resoundingly in favor of this opportunity," said Cesare Mainardi, CEO of Booz & Company. "Management Engineers' consultants are renowned for their deep industry experience and unparalleled operations expertise, which gives them unique and pragmatic insight when it comes to helping clients achieve targeted results. Booz & Company shares a similar heritage as a firm of practical strategists who get the job done. Our clients will immediately see the benefit of our joined forces and compatible capabilities."
Management Engineers brings 17 partners and 145 staff to Booz & Company, along with a highly complementary market position and functional heritage in Germany, as well as China, the UK, and the US.
"Our consultants are known for their substantial industry experience before entering consulting," said Hanno Brandes and Helmut Surges, former Managing Directors of Management Engineers and now Booz & Company Partners. "As industry insiders, we have a profound understanding of the complex issues our clients confront and can help them devise and implement workable solutions with credibility. This is an approach to joint problem-solving that our Booz & Company colleagues share-collectively, we can now give our clients the best the market has to offer, anywhere in the world."
Management Engineers has a proud history, particularly as a leading firm in operations, was named the "shooting star" of the consulting industry by Manager Magazin in 2009 and consistently ranks among the top ten strategy consultancies in Germany.
"This combination accelerates our growth in Europe and amplifies our global reach," said John Potter, Booz & Company Partner. "We now offer unrivaled bench strength and best-in-class consulting services in operations, supply chain management and cost transformation across a broad array of industries, including Automotive, Industrials, Chemicals, and Life Sciences. This move definitively puts us ahead in our key markets."
As a privately held company, Booz & Company is not releasing any financial details regarding this transaction.
About Booz & Company
Booz & Company (booz.com) is a leading global management consulting firm focused on serving and shaping the senior agenda of the world's leading institutions. Drawing on the talents and insights of more than 3,000 people in 58 offices around the world, we help our clients achieve essential advantage by working with them to identify and build the differentiating capabilities they need to outperform.