DGAP-News: PwC /
PwC Completes Its Acquisition of Booz & Company
03.04.2014 / 12:00
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NEW YORK, 2014-04-03 12:00 CEST (GLOBE NEWSWIRE) --
PwC is pleased to announce today the successful 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&
(pronounced Strategy and). 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, Dennis Nally, Chairman of
PricewaterhouseCoopers International, says, '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.'
'This combination of PwC and Strategy& will see PwC lead the way in changing
the landscape of the global consulting business,' adds Mr Nally.
'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,' says
Cesare R. Mainardi, CEO of Strategy&.
'Strategy& brings a 100-year heritage of practical strategy advice to PwC's
broad and deep portfolio of expert advisory services. On day one, we can meet
clients' needs for a full menu of strategy-through-execution services, and a
single point of access in delivering results. We have the footprint, the scale,
the resources, and the proven capabilities to help global enterprises every
step of the way from strategy to outcomes. It's an exciting prospect.'
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.
For more information, please visit www.strategyand.pwc.com.
NOTES TO EDITORS
About PwC
PwC helps organisations and individuals create the value they're looking for.
We're a network of firms in 157 countries with more than 184,000 people who are
committed to delivering quality in assurance, tax and advisory services. Tell
us what matters to you and find out more by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of
which is a separate legal entity. Please see www.pwc.com/structure for further
details.
2014 PricewaterhouseCoopers. All rights reserved.
The PwC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2684
CONTACT: Mike Davies
Tel: +44 (0) 20 7804 2378
Mobile: + 44 (0) 7803 974 136
Email: mike.davies@uk.pwc.com
Margaret Kashmir
Tel: +1-973-410-7609
Mobile: +1-973-879-7213
Email: margaret.kashmir@strategyand.pwc.com
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: PwC
United States
ISIN: US9900589196
End of News DGAP News-Service
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261411 03.04.2014
DGAP-News: PwC Completes Its Acquisition of Booz & Company
| Source: EQS Group AG