PwC completes its acquisition of Booz & Company

With this, Booz & Company has changed its name to Strategy&. Cesare Mainardi will be CEO of Strategy&. He has been the CEO of Booz & Company for the past two years

e4m by exchange4media Staff
Updated: Apr 4, 2014 9:47 AM
PwC completes its acquisition of Booz & Company

PwC has announced the completion of its combination with Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing conditions for the deal have been met.

Marking this occasion, Booz & Company has changed its name to Strategy&. This new name, which will be used alongside the PwC name and brand, reflects the strength in strategy consulting that Booz & Company brings to the PwC Network and the benefits this deal will bring to all clients and stakeholders. After a short grace period, Booz & Company can’t legally continue to use the Booz name following the change in ownership.

Welcoming the Strategy& team to the PwC Network, Michael J Surface, Leader – Advisory, PwC India said, “We welcome Strategy& to the PwC network and look forward to working with our new colleagues in India and around the world. By establishing Strategy& as part of the PwC network, we’re changing the consulting landscape for good. Strategy& will add strength and depth to our existing strategy practice in PwC and truly deliver consulting services all the way from strategy development to practical execution.”

Jai Sinha, Leader and Managing Director, India for Strategy& added here, “We are excited to join the PwC network and look forward to working with our new colleagues in India and around the world to deliver what our clients have been asking for: end-to-end services, from strategy development to seamless implementation.”

Commenting on the development, Dennis Nally, Chairman, PricewaterhouseCoopers International said, “Today signifies an important step for PwC, our clients and stakeholders. Businesses are navigating unprecedented, disruptive threats and organisations increasingly want the right strategy and the ability to execute it. Together, PwC and Strategy& meet this need – delivering superior value to our clients and stakeholders, attracting premium talent and helping businesses around the world build their capabilities on a global scale.”

“We are delighted to be joining PwC, the leading professional services network in the world, as it enables us to offer both our clients and our people a bigger, broader and better opportunity to connect strategy to impact,” said Cesare R Mainardi, CEO, Strategy&.

PwC Strategy&’s Board of Directors will be chaired by Tony Poulter, a PwC partner and global consulting leader. Cesare Mainardi will be CEO of Strategy&. He has been the CEO of Booz & Company for the past two years.

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