Deloitte to Acquire Roland Berger
Deloitte LLP’s consultancy division will likely assume control over its competitor Roland Berger Strategy Consultants in an ongoing negotiation between the two firms, revealed a Deloitte executive.
In a conference call, Deloitte Germany chief executive Martin Plendl said the acquisition will create a strategy consulting arm in the global scale, the annual revenue of which being estimated at about $2.8 billion. Pendl added that the outcome of the deal will depend on the meetings between shareholders of both companies by mid-December.
Matthias Hopfmueller, a spokesman for Roland Berger, refused to talk about the deal, though he confirmed the ongoing talks between the Deloitte and Roland Berger.
Based in Munich, Roland Berger generated last year a total revenue of euro616 million, with its workforce approximating 2,000 people. On the other hand, Plendl said Deloitte, which employs about 170,000 people worldwide, generates revenue that totals $26.6 billion this year with business consulting lines different from that of the Roland Berger.
Plendl said the merged company’s name will be converted into Roland Berger Deloitte Strategy Consulting that will adapt Deloitte’s business strategy, operations, and company restructuring consultancy division in dealing with its competitors in Germany.
Trying to send a message assailing McKinsey Co., Plendl said the merger will eventually enjoy an “excellent market position” that will pave the way for the company towards becoming a key player in the marketplace.