It’s good to be back with another weekly round-up of consulting M&A news from in and around the world. In the week that’s gone by, there have been some very good deals especially from big companies like Deloitte Canada and EY. So, let’s dive in and have a look at all the consulting M&A deals of the week.
#1. EY expands its New Zealand technology consulting arm with Q4 Associates acquisition
EY has strengthened its technology consulting business in New Zealand by acquiring Q4 Associates, a group of 12 people who are experts in intelligent automation.
Q4 Associates, founded in 2017, assists clients in incorporating smart technology into their operations, with a focus on process digitization, automation, and robotic process automation. Moreover, the company offers both consulting and full-stack software engineering services.
The acquisition of Q4 Associates by EY will help the firm meet its growing demand for digitization and automation services in Oceania in order to provide the best solutions to its clientele.
#2. Roland Berger buys 30-strong German manufacturing consultancy POLARIXPARTNER
Roland Berger has made its first acquisition in three years, acquiring POLARIXPARTNER, a management consulting firm with around 30 employees in Germany.
POLARIXPARTNER, a firm with headquarters in Saarburg, specializes in cost and process optimization, value engineering, and strategy development for manufacturing-oriented industries such plant engineering, automotive, medical technology, and pharmaceuticals.
The acquisition of POLARIXPARTNER will help Roland Berger strengthen its value chain and broaden its services portfolio for its customers.
#3. EY adds Digital Detox to technology consulting business
Digital Detox, a London-based technology and software consulting firm with approximately 30 employees, has been acquired by EY.
Founded in the year 2004, Digital Detox is a digital engineering firm specializing in custom software development for digital applications.
Speaking about the deal, a partner at EY said that the acquisition of Digital Detox is very interesting because it will support the growth of EY’s tech-consulting business by bringing in additional capabilities and skills.
#4. Korn Ferry buys staffing firm Infinity Consulting Solutions
Global organizational consulting Korn Ferry has purchased New York-based staffing and recruiting firm Infinity Consulting Solutions which has around 400 employees spread throughout its 9 US offices.
Infinity Consulting Solutions, founded in 2001, specializes in filling senior-level IT interim professional roles, as well as compliance and legal, accounting and finance, and human resources positions.
The acquisition of Infinity by Korn Ferry will add a significant network of senior IT specialists and strong ties to a wide variety of clients across industries.
#5. Deloitte Canada buys Salesforce consultancy Nubik
Deloitte Canada, one of the Big 4 consulting firms in the world, has acquired Nubik, a Montreal-based Salesforce consulting firm.
Nubik, which was established in 2003, offers consulting and implementation services for the Salesforce ecosystem, including FinancialForce and Rootstock ERP. More than 100 workers of the company assist mid-market clients in high-tech, manufacturing and distribution, and professional services with customer relationship management, enterprise resource planning, sales engagement, supply chain, and project management difficulties.
The Nubik team will join Deloitte’s consulting group, strengthening the Big Four firm’s Salesforce offering and its roster of mid-market clients. Also, the deal sees Nubik having an immediate impact on Deloitte’s clients, especially those seeking new tools and solutions in today’s most pressing and complex business challenges from digital transformation to skills shortages.
#6. Wavestone acquires London-based consultancy PEN Partnership
PEN Partnership, a London-based consultancy has been bought by Wavestone. The move helps Wavestone, grow in the UK by adding a team of about 100 employees and independent contractors.
PEN Partnership, founded in 2012, focuses on customer experience, operational excellence, and change delivery service. Its staff of specialists has experience in a variety of industries, including financial services, pharmaceuticals, retail, and consumer products.
Speaking about the deal, one of the key members stated that both Wavestone and PEN Partnership work well together and that’s great news for its clients and employees. Moreover, both businesses offer complimentary services and have similar corporate cultures and values.
#7. Other consulting M&A deals
- MNP buys Power Platform specialist Fidelity Factory
- Jersey-based boutique KIT Consulting merges into Elixirr
And that’s it for this week! We hope you’ve enjoyed this weekly round-up of consulting M&A news. If we have missed out on mentioning any deals, then please write to us and make it known. We shall be back again next week with another round-up of consulting M&A news. Until next time, its bye for now!