KPMG has bought the global supply chain consulting firm BrainNet Supply Management Group. BrainNet has more than 300 supply chain consultants spread across 15 offices in 12 countries. The acquired firm will be integrated into the Advisory branch of the Big4 firm. The CEO of BrainNet, Christian Rast, will become responsible for the future supply chain Centre of Excellence. The transaction is expected to close later this summer.
Over the past years, the consulting branch of KPMG has strongly expanded, supported by an aggressive acquisition strategy. In July 2010, it bought the supply chain branch of Grant Thornton in America. Last year it acquired several firms, including outsourcing specialist EquaTerra (global), Sumera Management Consulting (Canada) and HIO Group Incorporated (Canada).
BrainNet Supply Management
BrainNet Supply Management has a global revenue of $65 million, with offices in Bonn, Budapest, London, Mexico City, Mumbai, Munich, Pittsburgh, Rio de Janeiro, Sao Paulo, Shanghai, St. Gallen, Stockholm, Vienna and WrocÅ‚aw. The consulting firm supports global fortune companies and mid-sized companies with solutions in the areas of research & development, operations, logistics, purchasing and strategic qualification.
“We look forward to welcoming the BrainNet team to the KPMG global network,” says Mark Goodburn, Global Head of KPMG Advisory. “With the acquisition of BrainNet, KPMG will have an even greater depth of knowledge and global footprint to help member firm clients navigate their most complex supply chain challenges and opportunities.”