Accounting and consulting firm KPMG has acquired Stratley, a German-based management consultancy specialized in the chemicals industry. 35 employees in three countries (Germany, China and Dubai) will join local KPMG offices. A transaction fee has not been disclosed.
Stratley was founded in 2005 and over the past 9 years the consulting firm has grown to a team of 35 people, based in Cologne, Hamburg, Shanghai and Dubai. Its focus lies exclusively on the chemicals industry, supporting clients with services such as strategy development, portfolio management, reorganisations and operational management.
The German country organisation of KPMG was founded in 1890 and currently has 30 locations throughout the country. With a revenue of €406 million KPMG Advisory belongs to one of the top 10 players in the German consulting market.
According to Leif Zierz, Head of Transactions & Restructuring at KPMG in Germany, the merger will boost KPMG’s service portfolio to clients in the chemicals industry. “The chemical industry faces significant challenges such as rising raw materials and energy costs as well as more regulations in relation to environmental protection and climate change. Competitive pressures are increasing continually. In all these fields, the competencies of KPMG and Stratley in strategic consulting complement each other excellently. Together, we are in the position to be able to support our clients from strategic consulting through comprehensive management consulting across their entire value chains. Stratley’s proven industry competence will help us to support our clients in the chemical industry in even more detail in future.
Stratley will be integrated within KPMG’s Advisory business unit and Chemicals Industry Practice. Walter Bürger-Kley, one of Stratley’s three Managing Partners, has been appointed as the new head of KPMG’s Chemicals Practice, with a focus on strategic and management consulting. In his view the main benefit of the integration with KPMG lies in the global network of the global Big 4 firm. “Since our foundation, we at Stratley have aimed to be the best consultancy for the chemical industry worldwide. With its global network, KPMG provides the optimal stage for us to continue together on this journey to the advantage of our clients.”
Over the past months KPMG Advisory has been particularly active on the M&A market, particularly in the U.S. The American practice recently acquired St. Charles Capital (Corporate Finance), Zanett Commercial Solutions (Technology), BBK (restructuring) and Rothstein Kass (accounting).