Deloitte, Roland Berger Discuss Possible Combination
Deloitte Touche Tohmatsu Ltd., one of the world’s largest networks for accounting and professional services, is talking with Roland Berger Strategy Consultants on a potential business combination.
The parties will make a decision by mid-December, Deloitte Germany Chief Executive Martin Plendl told reporters on a conference call today. Roland Berger is closely held and based in Munich.
Roland Berger started as a one-man company in 1967 with a focus on marketing consulting, and grew into a broad array of services and clients. It has about 180 partners and is known for the research studies on business and management issues. In 2009, the company had 616 million euros ($833 million) in sales and about 2,000 employees in 27 countries, according to the Roland Berger website. Deloitte’s consulting business had $7.5 billion in revenue in the year ended May 31, Plendl said.
“A merger opens up a unique opportunity for growth for both firms,” Plendl said.
Roland Berger confirmed the talks.
“Discussions with Deloitte are taking place to open new and fascinating growth prospects for our company,” Roland Berger Strategy Consultants said in an e-mailed statement today. In August, company founder Roland Berger stepped down as chairman of the supervisory board.
Deloitte Touche Tohmatsu, a New York-based network that includes Deloitte LLP in the U.S., employs 170,000 professionals and had revenue of $26.6 billion in fiscal 2010, with 28 percent derived from its consulting business. An additional 44 percent came from audit services, 20 percent from tax-related services, and 7.6 percent from financial-advisory services.
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