Booz & Company has acquired the international consulting firm Management Engineers (ME). 17 partners and more than 140 consultants make the transition to the American strategy consulting firm. With the acquisition, Booz & Company increased its market position, particularly in the important German consulting market.
The deal is still subject to a number of closing conditions and the approval of Booz & Company’s partners, although it is expected that this should be a formality. The transaction is expected to close early April.
Management Engineers was founded in 1978 and has grown to become one of the largest specialized management consulting firms in Germany. The last decade the German consulting firm also expanded internationally, it now has ten offices in seven countries: Düsseldorf (HQ), Birmingham, Boston, Detroit, Hong Kong, London, Madrid, Munich, São Paulo and Shanghai. The expertise of Management Engineers lies at the intersection of strategy consulting and operations management, particularly in the automotive and industrial sectors.
Booz & Company
Booz & Company has been active in Germany since 1965. After the opening of the first office in Düsseldorf (the first office of Booz in Europe) offices followed in Munich, Frankfurt, Berlin and Stuttgart. In Europe, Booz & Company has 18 offices.
“This acquisition is strongly aligned with our continued growth ambitions in Europe, particularly in the key market of Germany, where Management Engineers is a widely admired ‘Hidden Champion’ among consultancies,” says Klaus-Peter Gushurst, Managing Director of Germany, Switzerland, and Austria for Booz & Company. “Together, we can offer our clients a deep array of functional, industry, and implementation consulting services with a leading position in operations consulting”.
Cesare Mainardi, CEO of Booz & Company, adds: “The fit between our two firms’ cultures and strategies is superb. We are both well known as practical strategists who roll up our sleeves to get the job done working alongside our clients. From the first time we sat down with Management Engineers, it was clear we shared the same fundamental results-oriented philosophy”.