Deloitte Completes Acquisition of Monitor’s Global Strategy Consulting Business
Zurich, 14 January 2013
Deloitte has acquired substantially all of the business of Monitor, one of the world’s leading strategy consulting firms. This transaction combines Monitor’s strong brand and leadership, as well as exceptional talent, with Deloitte’s extensive reach, access, and resources to consolidate Deloitte’s position as a worldwide leader in strategy consulting. Monitor’s talent and assets will combine with Deloitte’s consulting strategy service lines, resulting in a new global presence that will redefine our industry.
As of today, Monitor will operate under the Monitor Deloitte brand, while Deloitte’s strategy practice will continue to operate as Deloitte.
Nick Davies, managing partner of consulting at Deloitte AG in Switzerland, explains: “The acquisition of Monitor further enhances our ability to serve clients from strategy to implementation – helping them solve their most critical challenges and capitalise on opportunities in a global economy. Our ability to implement the advice we provide has always been a differentiator; however, this acquisition will transform our strategy consultancy practice on a global scale and further accelerate our impact in Switzerland.
The growing business demands placed on our clients mean their needs for strategic support are increasing. Together, Monitor and Deloitte will be well-positioned to provide the highest quality advice that we are able to implement quickly while also providing them with measurable results.”
Deloitte in Switzerland is one of the fastest growing consulting practices, one of the top three consulting providers and the largest consulting practice of the big 4.
“We are hugely motivated by the opportunity to serve clients with our newly combined strengths,” stated Bansi Nagji, president of Monitor. “Together we are an effective force with distinctive capabilities, and are deeply committed to helping our clients create new value and achieve transformational growth. We will collaborate closely with senior executives to help ensure they have the confidence to make bold, well-informed choices and take timely and decisive action, by providing fresh, actionable analysis, leading edge methods and deep hands-on implementation guidance.”
The transaction was completed following approval by the U.S. Bankruptcy Court for the District of Delaware on 11 January 2013.
As used in this release, “Deloitte” refers to certain member firms of Deloitte Touche Tohmatsu Limited, (“DTTL”), that participated in the transaction, and “Deloitte Consulting” refers to Deloitte Consulting LLP, a subsidiary of Deloitte LLP (the U.S. member firm of DTTL). Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
As used in this document, “Monitor” means Monitor Company Group Limited Partnership.
Deloitte is a leading accounting and consulting company in Switzerland and provides industry-specific services in the areas of audit, tax, consulting and corporate finance. With approximately 1,100 employees at six locations in Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters), Deloitte serves companies and institutions of all legal forms and sizes in all industry sectors. Deloitte AG is a subsidiary of Deloitte LLP, the UK member firm of Deloitte Touche Tohmatsu Limited (DTTL). DTTL member firms comprise of approximately 200,000 employees in more than 150 countries around the world.
In this press release references to Deloitte are references to Deloitte AG, a subsidiary of Deloitte LLP, which is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.com/ch/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP and its subsidiaries are leading business advisers, providing audit, tax, consulting and corporate finance services through more than 12,600 exceptional people across the UK and Switzerland. Known as an employer of choice for innovative human resources programmes, it is dedicated to helping its clients and people excel.
Deloitte AG is recognised by the Federal Audit Oversight Authority and the Swiss Financial Market Supervisory Authority.
The information contained in this press release is correct at the time of going to press.