EY Advisory buys IT expert Corporate Quality Consulting

17 September 2014 Consultancy.uk

Global accounting and consulting firm EY has acquired Corporate Quality Consulting, a German-based IT consultancy firm. 65 consultants will join EY’s Advisory practice in Germany, and the Corporate Quality Consulting brand will be dropped in favour of EY. 

Corporate Quality Consulting specialises in IT consulting services, among others IT-advisory (e.g. IT-strategy, IT-operating model design) and IT-implementation services (e.g. system roll-out, IT-delivery). The firm has 65 employees and a revenue of just under €14 million (FY2013).

EY Advisory buys Corporate Quality Consulting

With the objective of boosting its advisory footprint – in line with EY’s global strategy to expand its market share in the consulting industry – EY Germany has decided to poach Corporate Quality Consulting. According to Markus Schweizer, responsible for EY’s Advisory business in the DACH region, the acquisition will significantly boost its IT capabilities. “With the transaction of Corporate Quality Consulting we have strengthened our business with a firm that can build on a strong track record. The addition will significantly bolster our services in the area of IT consulting.” 

As part of the deal, Stephan Salmann and Oliver Kuklok, who both founded Corporate Quality Consulting in 2005, will join EY as a partner. They however will have to let go of their original brand as EY has announced that it will, following closing, drop the label and continue its operations under the EY flag.

"Together, Corporate Quality Consulting and EY will be able to provide organisations across all industries a complete spectrum of high-quality IT consulting services,” adds Salmann.

Markus Schweizer - Stephan Salmann - Oliver Kuklok

 

Fourth consultancy acquisition

For EY, the acquisition of Corporate Quality Consulting is the fourth large deal in the consulting segment in the past three months. In September it bought the Australian sustainability expert Net Balance, in August EY bought Sweeney Research (70 employees), another Australian based management consultancy, and in July it acquired The Parthenon Group, a global strategy consulting firm with roughly 350 consultants that recently was nominated one of the globe’s top 50 consulting firms (#11 on the list).

EY Acquisitions

Looking specifically at the German market, the last major transaction of EY was the acquisition of counterpart J&M Management Consulting, which added 320 consultants to EY’s local Advisory unit. Across the German-speaking region EY now has 3.800 consultants, an a revenue of roughly €478 million.

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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.”