Accenture acquires Schlumberger Business Consulting

18 August 2015 Consultancy.uk

Accenture has acquired Schlumberger Business Consulting (SBC), the management consulting arm of Schlumberger, for an undisclosed amount. Over 250 consultants operating from nine offices worldwide will be integrated into Accenture’s Strategy business unit.

Schlumberger Business Consulting (SBC) is a global player in the energy and utilities sector, with a particular focus on clients in the upstream oil and gas industry. The company provides consulting services in strategy, operations, people & transformation, capital projects and mergers & acquisitions. Founded in 2004, Schlumberger Business Consulting has grown to become a team of over 250 consultants operating from nine offices worldwide.

With the acquisition of Schlumberger Business Consulting, Accenture – according to Gartner one of the 10 largest management consulting firms of the globe – significantly bolsters its capabilities in the rapidly changing energy landscape. Partly driven by oil price volatility, but also by increased regulation and technology advances, the upstream oil and gas sector is undergoing a fundamental transformation. Energy companies are also under pressure to among others improve internal performance in delivering large capital projects, reduce production costs and extend into new areas, including renewables.

Accenture acquires Schlumberger Business Consulting

According to Jean-Marc Ollagnier, Chief Executive of Accenture’s Resources operating group, the move will elevate the firm’s ability to assist companies improve portfolio optimisation, enhance operational agility and cost competitiveness, as well as plan and execute digital-driven transformations.

Following completion of the acquisition – the deal is still subject to regulatory approval and other customary closing conditions – all of the Schlumberger Business Consulting (SBC) employees will join Accenture’s Strategy business unit. Mark Knickrehm, Chief Executive of Accenture Strategy, adds: “The acquisition will further strengthen Accenture Strategy’s ability to provide key strategic insights to clients in the upstream oil and gas industry. Our technology-driven business strategies and digital knowledge complement the core consulting strengths of the professionals who will join us through this acquisition.”

In a reaction to the deal, Jean-Marie Rousset, Senior Vice President of Schlumberger Business Consulting, says that SBC’s management consulting expertise in the oil & gas industry “perfectly complements Accenture’s broader services portfolio”, referring to the firm’s wide range of strategy, consulting, digital and technology services offerings.

Mark Knickrehm, Jean-Marc Ollagnier, Jean-Marie Rousset

 

Last month Accenture acquired US-based Chaotic Moon, a creative technology studio that creates and develops user-cantered experiences, while in the UK Accenture in May bought Javelin Group, adding 160 retail advisors to its Strategy platform.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”