PwC completes acquisition of Booz & Company

Accounting major PwC today completed the acquisition of global consulting firm Booz & Company.
Financial details of the deal were, however not available.
With grant of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network, PwC said in a statement.
All closing conditions for the deal have been met, it said.
Booz & Company has changed its name to Strategy&. After a short grace period, Booz & Company cannot legally continue to use the Booz name following the change in ownership.
Michael J Surface, Leader Advisory, PwC India said, "By establishing Strategy& as part of the PwC network we are 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."

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.

"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," said Jai Sinha, Leader and Managing Director, India for Strategy&.
Dennis Nally, Chairman of PricewaterhouseCoopers International said, "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.