PwC has completed the acquisition of Booz & Company following the receipt of all relevant regulatory approvals.
As part of the deal, Booz & Company will rebrand its name to Strategy& that will be used alongside the PwC name and brand.
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Strategy& will be led by current CEO Cesare Mainardi, while Tony Poulter, a PwC partner, will serve as chairman of PwC Strategy&’s Board of Directors.
Through this deal, Booz will add to PwC’s $9.2 billion in global consulting revenue in 2013, which was 28.5% of its $32.1 billion in total global revenue.
Dennis Nally, chairman of PricewaterhouseCoopers International, said: "Together PwC and Strategy& meet this need – delivering superior value to our clients and stakeholders, attracting premium talent and helping businesses around the world build their capabilities on a global scale. This combination will see PwC lead the way in changing the landscape of the global consulting business."
Mainardi said: "Strategy& brings a 100-year heritage of practical strategy advice to PwC’s broad and deep portfolio of expert advisory services. On day one, we can meet clients’ needs for a full menu of strategy-through-execution services, and a single point of access in delivering results. "
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By GlobalDataFinancial terms of the deal haven’t been disclosed.
