Sia Partners grows sourcing footprint with deal
Global consulting firm Sia Partners has recently acquired Sourcing France, a French-based procurement expert. 10 consultants have transferred to Sia Partners in its home-base, and will bolster the firm’s expansion plans in the sourcing arena.
With nearly 570 consultants in 15 offices globally, Sia Partners is one of the larger European-origin consulting firms. In line with its expansion strategy, Sia Partners last month acquired Sourcing France, a consulting firm (formerly Factea France) that specialises in sourcing advisory. As a result of the transaction, 10 consultants have moved to Sia Partners, and will be integrated into the firm's offices in Paris and Lyon.
According to Matthieu Courtecuisse, co-founder and CEO of the consultancy, the addition will boost Sia Partners’ footprint in the procurement and supply chain domain. “With the addition of Sourcing France, we improve our expertise in the reorganisation and transformation of the procurement function, as well as boost related transformation services,” comments Courtecuisse. Looking ahead, the CEO reveals that he sees significant growth potential, stating to French newspaper Les Echos that he envisages the procurement practice to “double in the space of two years”.
Acquisitions
For Sia Partners, the purchase is the firm’s fifth major pickup since it was founded in 1999. Nine years after its establishment it acquired EDS Consulting Services in France (formerly A.T. Kearney Interactive), adding approximately 20 consultants to its team. Two years later followed the purchase of Valtech’s management consulting division, again in France, a deal which saw 40 consultants transfer to Sia Partners, bringing its total workforce for the first time above the 300 mark.
In 2012 Sia Partners bought OTC Americas, a deal which gave it market entry into the US market, and exactly a year later the advisory closed the largest deal in its history: the acquisition of Investance’s international business. Roughly 60 management consultants in four locations transferred (US, UK, Hong Kong, Singapore), boosting its North American footprint, as well as providing it access to the fast-growing Asia-Pacific markets.
