EY, a global assurance, tax, transaction and advisory services provider, has inked a letter of intent to acquire Ambir Solutions, as part of its strategy to grow its advisory practice in Atlantic Canada.

EY Canadian chairman and CEO Trent Henry said this transaction significantly enhances the company’s local IT advisory capabilities and empowers them to make a real difference for our clients in Atlantic Canada, and right across the country.

EY noted that the transaction is a bold strategic move for the company in both the Advisory space and the Atlantic Canada market, which will enable the firm to evolve its offerings to meet the changing needs of Canadian clients.

Especially, Ambir will offer expanded capability in IT advisory and data analytics to the EY team.

Ambir CEO Ian Cavanagh commented, "Together, our synergies will have a tremendous impact in the local marketplace, and Ambir’s clients will benefit greatly from the full strength of our combined team. We are very proud to be taking this important step forward with EY."

Once the transaction is closed on 20 June 2014, the Ambir team will join EY offices in Halifax , Saint John Moncton/ Dieppe and St. John’s. Ambir team of 60 dedicated professionals will integrate into EY’s existing practice groups.

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