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Booz & Company Closes Acquisition of Management Engineers
Published Apr 3, 2013
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Global management consultancy Booz & Company announced today the closing of its acquisition of international consulting firm Management Engineers. The transaction was announced in February, subject to the approval of Booz & Company’s partners.
“Our partnership voted resoundingly in favor of this opportunity,” said Cesare Mainardi, CEO of Booz & Company. “Management Engineers’ consultants are renowned for their deep industry experience and unparalleled operations expertise, which gives them unique and pragmatic insight when it comes to helping clients achieve targeted results. Booz & Company shares a similar heritage as a firm of practical strategists who get the job done. Our clients will immediately see the benefit of our joined forces and compatible capabilities.”
Management Engineers brings 17 partners and 145 staff to Booz & Company, along with a highly complementary market position and functional heritage in Germany, as well as China, the UK, and the US.
“Our consultants are known for their substantial industry experience before entering consulting,” said Hanno Brandes and Helmut Surges, former Managing Directors of Management Engineers and now Booz & Company Partners. “As industry insiders, we have a profound understanding of the complex issues our clients confront and can help them devise and implement workable solutions with credibility. This is an approach to joint problem-solving that our Booz & Company colleagues share—collectively, we can now give our clients the best the market has to offer, anywhere in the world.”
Management Engineers has a proud history, particularly as a leading firm in operations, was named the “shooting star” of the consulting industry by Manager Magazin in 2009 and consistently ranks among the top ten strategy consultancies in Germany.
“This combination accelerates our growth in Europe and amplifies our global reach,” said Klaus-Peter Gushurst, Managing Director of Germany, Switzerland, and Austria for Booz & Company. “We now offer unrivaled bench strength and best-in-class consulting services in operations, supply chain management and cost transformation across a broad array of industries, including Automotive, Industrials, Chemicals, and Life Sciences. This move definitively puts us ahead in our key markets.”
“The firm has always had a tight collaboration across the Middle East and Europe,” said Joe Saddi, Chairman of Booz & Company and Managing Director of the Middle East region. “This merger now adds a deeper set of capabilities that we can leverage as we serve local clients especially in the Engineering Products and Services and Energy, Chemicals and Utilities space on topics related to operational performance.”
As a privately held company, Booz & Company is not releasing any financial details regarding this transaction.
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VMD - [Virtual Marketing Department]
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