PwC announces conditional merger with consultancy group

PricewaterhouseCoopers has announced that it has signed a conditional merger with corporate consultancy group with Booz & Co as part of a move to grow its representation in the consulting sector.

Dennis Nally, Chairman of PricewaterhouseCoopers International, said: "We believe this proposed combination of Booz & Company with our existing Assurance, Advisory and Tax capabilities will create a stand-out professional services organisation that delivers first class quality services to a broad range of stakeholders. In particular, it will give CEOs the opportunity to work with a global consulting team that can provide services from strategy development right through to execution.

"One of the real strengths of PwC is the scope and quality of our services, giving us the ability to work with a wide range of stakeholders to build trust and solve important problems. Today's proposed merger will only add to that strength."

The Booz & Company partner vote is scheduled to take place in December and a further public announcement is expected by the end of the year. It has not been revealed what PwC has offered to pay.

According to Suresh Kana, PwC Senior Partner for Africa, the merger deepens "the expertise available to our clients around strategy, operations, human resources and information technology focussed in the energy, healthcare, communications and media, manufacturing, retail, utilities, financial services and government sectors".


PwC sold its consulting arm to IBM in 2002, which suggests a review of its strategy. 

Earlier in October, PwC said it planned to spend $1 billion growing operations worldwide in the next three years, including client offerings such as cyber-security and risk services.

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

Related stories

Advertising

Subscribers only

Medical aids blame external costs as fees increase beyond inflation

Medical aid is becoming more of a luxury for many South Africans, and it’s not about to get any better

No mercy for teachers who are found guilty of misconduct

New regulations give direction on what sanctions should be imposed on disgraceful teachers, including lifetime bans for serious offences

More top stories

Guilty: ANC orders Diko to step aside

The ANC’s disciplinary committee has recommended Khusela Diko stay away from any government position after it found her guilty of bringing the party into disrepute

Cape Town fire burns for a third day, authorities confirm...

Fresh firefighting teams are expected to take over from the crews that battled the blaze throughout Monday evening

North West premier refuses to resign as IPC looks for...

Sources say Job Mokgoro has refused to abide by an order to resign as premier, making it hard for the IPC to install a new person in the position

Nigeria’s Super Falcons: playing and begging

The Super Falcons are the undisputed queens of African football, winning 11 of the 13 women’s continental championships ever played. But they still have to beg the Nigerian federation for pay and respect
Advertising

press releases

Loading latest Press Releases…