Consulting Sector M&A Deals for week beginning 13th April

businessman doing handstand on the beachKPMG LLP (USA) acquired Beacon Partners Inc. (USA)
Deal Size: Unspecified Industry: Healthcare Consulting Date: April 2015
KPMG LLP has agreed to acquire the assets of health-care consulting firm Beacon Partners Inc., as the Big Four accounting and professional-services giant continues beefing up its services to clients in the health-care industry. Beacon Partners, based in Weymouth, Mass., provides management consulting services to hospitals, physician groups and other health-care providers. KPMG’s agreement to buy Beacon is the latest step in the bigger firm’s attempt to strengthen its position in the health-care industry, especially in terms of information technology.

International Business Machines Corporation (USA) acquired Phytel Inc (USA)
Deal Size: Unspecified Industry: Healthcare IT Consulting Date: April 2015
International Business Machines Corporation (IBM), an information technology (IT) company that provides business, technology and consulting services, acquired Phytel, Inc., a provider of integrated population health management software. According to IBM, “The acquisition will bolster the company’s efforts to apply advanced analytics and cognitive computing to help primary care providers, large hospital systems and physician networks improve healthcare quality and effect healthier patient outcomes.”

Cotecna S.A. (Switzerland) acquired CoalLab Pty Ltd. (South Africa)
Deal Size: Unspecified Industry: Engineering Consulting Date: April 2015
Cotecna SA, a provider of a range of testing, inspection and certification (TIC) services, has acquired CoalLab Pty., Ltd., a South Africa-based provider of testing, sampling systems design and management, and consulting services for coal and other sectors. With the integration of CoalLab, Cotecna enhances their capabilities to service customers in the coal and minerals industry globally. It strengthens their presence in South Africa in particular and on the African continent where they see significant growth potential.

International Business Machines Corporation (USA) acquired Explorys Inc (USA)
Deal Size: Unspecified Industry: Healthcare IT Consulting Date: April 2015
International Business Machines Corporation (IBM), an information technology (IT) company engaged in providing business, technology and consulting services, has acquired Explorys, Inc., a provider of cloud computing solutions for healthcare data management, analytics, and outcomes measurement. The transaction will allow IBM to strengthen its position in healthcare analytics and cloud computing.

Quirky Incorporated (USA) acquired Undercurrent LLC (USA)
Deal Size: Unspecified Industry: Management Consulting Date: April 2015
Quirky Incorporated, a provider of an online community to submit product ideas for feedback, has acquired Undercurrent, a management consulting firm. The transaction will help Quirky shift its business model from being a product company to adopting a more service-oriented approach. By way of background, Quirky sources product ideas from its online community of roughly 1.3 million people. The company then hand picks the best ideas to develop and ultimately create new consumer products, to be sold in stores such as Target and Bed Bath & Beyond, as well as online shops including Amazon and Fab. Undercurrent, meanwhile, provides a service to large clients such as GE, American Express, and PepsiCo, helping them tackle issues related to design, technology, and innovation. Having joined forces with Undercurrent, Quirky can now give large companies access to its community of inventors and will give those companies exclusivity to certain product ideas.

Dentsu Inc. (Japan) acquired Forbes Consulting Group LLC (USA)
Deal Size: Unspecified Industry: Business Consulting Date: April 2015
Dentsu Inc. announced today that its global business headquarters Dentsu Aegis Network Ltd. has reached an agreement with the principal shareholders of full-service consumer insight firm Forbes Consulting Group LLC to acquire the company. Forbes Consulting Group specializes in both quantitative and qualitative research and analysis, providing consulting services based on its own research methods, data analysis, and consumer insights. The company has an established reputation for providing insights into what emotional motivations drive the purchasing behavior of consumers. The Dentsu Group has to date provided market research services to clients in the U.S. through its marketing strategy consultancy Copernicus. Post-acquisition, Forbes Consulting Group will become part of Copernicus. The addition of new services and capabilities to Copernicus will enable the provision of enhanced value-added solutions to Dentsu Group clients.

Collaborative Consulting LLC (USA) acquired Makibie Corporation (USA)
Deal Size: Unspecified Industry: Management Consulting Date: April 2015
Collaborative Consulting, a professional services consultancy that delivers business and technology capabilities to accelerate an organization’s performance acquired Makibie. Makibie, a Nashua, New Hampshire based firm specializes in helping companies create the user experience for enterprise products through a unique blend of product strategy, design and application development. In utilizing this unique expertise, Collaborative can now provide clients a full suite of services from creative strategy, user experience and data design through technology strategy, solution implementation and support.

Ricardo plc (United Kingdom) acquired Lloyd’s Register Rail Limited (United Kingdom)
Deal Size: $63m Industry: Engineering Consulting Date: April 2015
Ricardo plc, a market leading engineering and consulting company, announced that it has signed a Share and Asset Purchase Agreement to acquire the business, operating assets and employees engaged in the businesses of Lloyd’s Register Rail (“LR Rail”) from Lloyd’s Register Group Limited (“LR Group”). Ricardo’s growth strategy is underpinned by global challenges related to urbanization, resource scarcity, air quality, climate change, energy security, sustainability and waste. This acquisition is central to the delivery of growth in Transportation and Security, one of the company’s three strategic pillars alongside Energy, and Scarce Resources and Waste. The acquisition of LR Rail and the future growth of this business is driven by the increasing global interest in urban and high speed networks and the integration of critical and complex rail technologies as governments respond to accelerating levels of urbanization. Ricardo therefore sees a strong and increasing demand for technical consulting and assurance services in the rail sector. LR Rail is a highly successful rail consultancy and assurance business and is a trusted partner to a wide range of international clients.

Yxelia (France) acquired Avance Nederland B.V. (Netherlands)
Deal Size: Unspecified Industry: IT Consulting Date: April 2015
French network and telecommunications consulting firm Yxelia has acquired Dutch IT services firm Avance Group in Holland. Avance specialises in the administration, security, optimisation and virtualisation of enterprise networks. The Group Yxelia represents a workforce of over 350 consultants for a turnover of € 30 million, split between France, Belgium, Holland and Lebanon. Basing its strategy on organic growth and a policy of dynamic external growth, Yxelia Group aims at becoming a major international player in the world of Network & Telecom. AVANCE is a full service IT & networks partner with a complete range of services and solutions such as: Outsourcing of network specialists, Application packaging and virtualization, Migration projects and Business Intelligence.

Precision for Medicine Inc. (USA) acquired Precision Health Economics (USA)
Deal Size: Unspecified Industry: Healthcare Consulting Date: April 2015
US-based drug development and commercialisation services company Precision for Medicine has acquired US-based health economics consultancy and analytics firm Precision Health Economics (PHE). An economics consultancy and analytics firm, PHE leverages the expertise of policy analysts, economists, clinicians, and academics to advance research on complex healthcare questions. This acquisition will expand the existing health economics and outcomes research capabilities of Precision for Value, a business unit of Precision for Medicine. Precision for Value excels in helping pharmaceutical and life sciences companies demonstrate and communicate the value of innovative medications.

Hill International Inc. (USA) acquired IMS Proje Yonetimi ve Danismanlik A.S. (Turkey)
Deal Size: Unspecified Industry: Management Consulting Date: April 2015
Hill International, Inc., a provider of program management, project management, construction management, construction claims and other consulting services based in the US, has acquired IMS Proje Yonetimi ve Danismanlik A.S., a Turkish provider of project management services to international developers, institutional investors and major retailers. “The addition of IMS strengthens Hill’s project management resources and capabilities not just in Turkey but throughout the region as well,” said David L. Richter, Hill’s President and Chief Executive Officer.

Dynamic Computing Services Corporation (USA) acquired Coastal Healthcare Consulting Inc. (USA)
Deal Size: Unspecified Industry: Healthcare IT Consulting Date: April 2015
Dynamic Computing Services (DCS) announces it has completed the acquisition of Coastal Healthcare Consulting, Inc. (Coastal), a leading healthcare IT consulting firm based in Seattle, WA. Coastal has been a premier provider of healthcare IT and Project Management consulting services and brings this experience, a loyal customer base, consulting power, and the highest quality consultants specializing in GE Centricity, Legacy support services, and Project Management. The acquisition strengthens DCS’s position as the elite provider of Legacy support and Centricity project management and expands their capabilities around Legacy to Epic transition services, which have become increasingly vital during Epic implementations and integrations. “We strive to increase our value to our clients. This is a service they’ve been asking for,” said DCS’s Vice President of Strategic Accounts, Jeff Cunio. DCS provides IT consulting services including contract, contract to hire, permanent placement, electronic health record support, database design, database administration and conversion, quality assurance and testing and project management services.

The ReThink Group plc (United Kingdom) acquired Consort Group Limited (United Kingdom)
Deal Size: Unspecified Industry: HR Consulting Date: April 2015
Recruitment and Talent Management (TM) specialist, Rethink Group has acquired TM and (Recruitment Process Outsourcing) RPO business, Consort Group, in a move which will significantly expand its capability. The combined business is expected to generate revenues in excess of £130M in 2015 and will employ over 200 people globally. The strategic acquisition of Consort will significantly boost Rethink’s TM service offering – which includes employer branding & attraction, talent pooling & management, on boarding, performance management, managed services & RPO solutions – and complement its global recruitment division. Consort’s specialism in the financial services and retail arenas will extend Rethink’s penetration in these areas, and also allow it to provide Consort’s RPO and TM offerings to its existing client base. BGF (Business Growth Fund), the UK’s largest provider of growth capital, has invested £2.5m in Rethink to facilitate this acquisition and anticipates further funding to support Rethink’s plans for organic growth and future selective acquisitions.

Technology Services Group Limited (United Kingdom) acquired Aegis IT Limited (United Kingdom)
Deal Size: Unspecified Industry: IT Consulting Date: April 2015
TSG acquires IT firm Aegis. With expertise across cloud, infrastructure and applications, TSG is an ISO 9001 accredited IT solutions company headquartered in Newcastle with 400 employees in offices around the UK. David Stonehouse, chief executive of TSG, said: “Given the quality of both the customer base and the team, there was a high level of interest in acquiring Aegis. Both the team and the customers fit perfectly with delivering our strategy to increase penetration in the mid-market, most importantly sharing our consultative approach and a deep understanding of technology. Aegis IT Limited provides technical consultancy services including virtualisation services, sentinel technical support as well as consultancy and technology solutions.

Goetzfried AG (Germany) acquired SearchConsult GmbH (Germany)
Deal Size: Unspecified Industry: HR Consulting Date: April 2015
Goetzfried AG, a subsidiary of Allgeier SE which is an international IT services, solutions and products provider, acquired SearchConsult GmbH, a recruitment and executive search company serving IT and telecommunications sector. Goetzfried AG provides IT and staffing services to government authorities and public sector clients in Germany.

OSM Aviation AS (Norway) acquired Proffice A/S (Sweden)
Deal Size: $4.62m Industry: HR Consulting Date: April 2015
OSM Aviation AS, a division of international aviation and maritime recruiter OSM, has acquired Nordic region recruiter Proffice Group’s aviation division. This will further strengthen OSM Aviation’s position as a leading international player in airline crew management. “This acquisition represents an important step for us in a long-term strategy of becoming a leading international player in airline crew management,” says Espen Høiby, CEO of OSM Aviation Group. “Proffice Aviation is a very well-run organisation with able employees who will now become part of our company.” OSM Aviation offers employment and management services for flight deck as well as cabin crew including air crew management, aircraft management and aircraft brokerage.

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