Consulting M&A Weekly Round-up (24th to 30th April, 2022)

by | Sep 26, 2022 | 0 comments

Welcome back to the consulting M&A weekly round-up article! Each week, we’ll be providing a recap of the major deals and happenings in the consulting industry. This week saw some notable consulting firms such as Wipro, KPMG Canada, and more make some interesting purchases. Here’s what went down this week…

#1. Wipro acquires SAP consultancy Rizing for $540 million

Wipro, an IT consulting firm, has purchased Rizing, a Stamford, CT-based SAP consulting company, for a whopping sum of $540 million. The transaction is said to be completed by June 30th this year.

Rizing provides services and customized apps to help clients in the consumer, manufacturing, and energy industries to use the famous SAP ERP software platform. Some of the firm’s other services include project and program management, change management, and managed services. It also specializes in EAM and HCM engagements.

The purchase of Rizing by Wipro will considerably extend the company’s global SAP consulting practice as well as its industry experience in consumer, manufacturing, and energy.

#2. Greater China team of R&G Global Consultants joins Argon & Co

After acquiring R&G Global Consultants’ European unit about a year ago, global operations and supply chain consultant Argon & Co has now added R&G’s Greater China team to its Asian division.

R&G Global Consultants, founded in 2004 by former leaders of General Electric’s Lean and Six Sigma business, specializes in operational and manufacturing excellence.

The deal now sees Argon & Co grow its footprint to across 13 countries worldwide including the Netherlands, France, Switzerland, the United Kingdom and Germany.

#3. KPMG Canada buys Workday specialist DayOne Consulting

KPMG Canada has acquired DayOne Consulting, a Montreal-based boutique IT consultancy specializing in Workday software engagements.

DayOne, a cloud enterprise resource planning (ERP) system for finance and human resources, was founded in 2019 to assist clients in integrating and optimizing Workday. Project management, installation assistance, on-demand support, managed application support, and bespoke reporting and analytics are among the services provided by the firm’s team of about seven specialists.

The acquisition of DayOne by KPMG will bolster the Big Four firm’s Workday practice, which now employs 62 people across the country, as well as its technology consulting offering in Montreal.

#4. CGI buys French management consultancy Harwell Management

CGI, a Montreal-based technology consulting firm, has agreed to purchase Harwell Management, a Paris-based financial services management consulting firm.

Harwell, founded in 2009, provides guidance on executing purpose-driven strategy, adhering to regulatory requirements, establishing competitive advantage, and driving sustainable value creation. Around 150 people provide services to clients in retail and specialist banking, corporate and investment banking, capital markets, and insurance, principally in the French market.

The acquisition of Harwell by CGI will immensely increase the company’s business consulting branch in France, as well as its ability to support financial services clients.

#5. Rimkus buys human factors advisory firm Core Human Factors

Rimkus Consulting Group, a Houston-based forensic engineering and technical consulting firm, announced the acquisition of Core Human Factors, a Philadelphia-area firm that provides human factors consulting to medical device manufacturers.

Core Human Factors was founded way back in 2011 to assist medical device manufacturers in enhancing the usability and safety of their products and services. It also collaborates with clients to improve products at all stages of the design lifecycle, resulting in intuitive and safe products.

The acquisition of Core HF by Rimkus will strengthen the business’s human factors practice, which, like the rest of the company, is focused on the built environment.

#6. Other Consulting M&A deals

  • Deloitte Canada partners with contact center software firm Five9.
  • Private equity Lonsdale Capital Partners invests in infrastructure advisory firm Infrata.

Closing Thoughts

That’s all for this week’s consulting M&A weekly round-up. If we’ve missed any deal, please write to us and let us know. And be sure to check back next week for more deals in the consulting M&A world. See you soon.