Poised to boost the value of its service delivery and also grow its weight in the highly competitive consulting business environment, Pricewaterhouse Coopers (PwC) has completed the acquisition of Booz & Company which will henceforth be known as Strategy& (pronounced Strategy and).
The new name which will be used alongside the PwC brand is now officially part of the PwC Network and is expected to reflect the strength in strategy which Booz & Company had been synonymous with before now.
In a statement obtained by BusinessDay, Dennis Nally, Chairman of PwC International, was quoted as saying that, ”The new acquisition signifies an important step for PwC, our clients and stakeholders, adding that businesses are navigating unprecedented, disruptive threats and organisations increasingly want the right strategy and the ability to execute it. 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.
Cesare Mainardi, CEO of Strategy& in his remarks noted that his firm is delighted to be joining PwC, the leading professional services network in the world, as it enables us to offer both our clients and our people a bigger, broader and better opportunity to connect strategy to impact.
“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. We have the footprint, the scale, the resources, and the proven capabilities to help global enterprises every step of the way from strategy to outcomes. It’s an exciting prospect,” Mainardi added.
According to Nally Suresh Kana, senior partner, PwC Africa was quoted as saying, “The combination of PwC and Strategy& will see PwC lead the way in changing the landscape of the global consulting business,” adding that the addition of Strategy& increases the pool of talented people within the PwC Network. Strategy& deploys the best industry experts suited to a strategic challenge, on a global scale. Tapping into these global resources will enable PwC Africa to assist our stakeholders in solving important problems.”
“PwC Strategy&’s Board of Directors will be chaired by Tony Poulter, a PwC partner and global consulting leader while Cesare Mainardi will be CEO of Strategy& as he has been the CEO of Booz & Company for the past two years,” the statement further read in part.
ODINAKA MBONU
