Consulting Sector M&A Deals for week beginning 2nd November

businessman doing handstand on the beachWYG PLC (UK) acquired North Associates (Cumbria) Limited (UK)
Deal Size: $7.6 million Industry: Real Estate Consulting Date: November 2015
WYG stated the acquisition will allow the company to expand its Asset Management and Planning offering across Cumbria and Northern England, including Scotland. North Associates is a specialist asset management consultancy operating from offices in Carlisle. Its clients include commercial developers, public sector bodies and regional landowners. Taylor & Hardy is a local planning consultancy purchased by North Associates in 2013. The move is anticipated to position WYG to benefit from the £90bn investment expected in the development of Britain’s ‘Energy Coast’ in West Cumbria. Paul Hamer, CEO of WYG, said: “We are delighted to be joined by the Managing Director, Andy Ross, and the teams from North Associates and Taylor & Hardy, who have built a strong reputation in the region and have recently won the 2015 Service Business of the year award at the Cumbrian News Group Business Awards. We have collaborated successfully with them in the past on several projects and are confident that their experience in residential, energy and infrastructure markets will significantly strengthen our property asset management team. The acquisition will expand our offering across Cumbria and the North, in particular along Britain’s Energy Coast.” (http://www.construction.co.uk

Accenture plc (Ireland) acquired Schlumberger Business Consulting (USA)
Deal Size: Undisclosed Industry: Management Consulting Date: November 2015
Accenture (NYSE: ACN) has completed its acquisition of SBC (Schlumberger Business Consulting), the management consulting unit of Schlumberger. The acquisition was first announced on August 17, 2015. SBC (Schlumberger Business Consulting) employees and knowledge assets now form part of Accenture Strategy, strengthening its ability to help the world’s major energy exploration and production companies achieve greater competitiveness and growth. In particular, Accenture Strategy is now better positioned to support upstream oil and gas companies to enhance operational agility, accelerate their digital transformation and improve their portfolio optimization. “The upstream energy sector faces a range of challenges and opportunities, from delivering complex capital projects to exploiting technological advances,” said Arthur Hanna, energy industry lead, Accenture Strategy. “Our capabilities in business, digital and technology strategy complement the upstream business, organizational change and operations expertise that now have become part of Accenture Strategy. As a result of the acquisition, Accenture Strategy is better placed to support clients in the field, across the enterprise and as they pursue market opportunities and upstream partners.” SBC (Schlumberger Business Consulting) has established leadership in the upstream oil and gas industry, providing consulting services in strategy, operations, people and transformation, capital projects, and mergers and acquisitions. (https://newsroom.accenture.com)

HCL Technologies Limited (India) acquired Adaptive Solutions, Inc. (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
HCL Technologies Limited, an Indian provider of software development, business process outsourcing (BPO) and Information Technology (IT) infrastructure services, has acquired Adaptive Solutions, Inc.(PowerObjects), a consulting firm specialized in financial performance management, business intelligence and data warehousing based in the US, for a cash consideration of approximately USD46 million including contingent payments subject to certain financial milestones. Dean Jonesis the CEO of PowerObjects. As part of the acquisition, the existing leadership team of PowerObjects will remain in place, and no workforce changes are planned. PowerObjects’ 250 employees will be transferred to HCL. PowerObjects has generated twelve-month revenues of approximately USD37 million as of September 30, 2015. (http://www.4-traders.com)

Preferred Systems Solutions, Inc. (USA) acquired GSM Consulting, Inc. (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
Preferred Systems Solutions announced its acquisition of GSM Consulting, an Intelligence Community-focused software engineering, consulting and cybersecurity services firm. The acquisition of GSM strengthens PSS’s position as a leading edge provider of high-end software, cyber, and mobile solutions to the Intelligence Community. “I am proud of our long term partnership with the people dedicated to safeguarding our national security in their critical mission to defend our country and preserve our democracy at home and abroad. The acquisition of GSM, with a successful track record of outstanding customer support within the Intelligence Community, expands our commitment to those men and women,” said Scott Goss, CEO of PSS. Donald McKinley, President and CEO of GSM Consulting, will transition to Vice President of the National Security Group (NSG) Division of PSS. Mr. McKinley brings more than 20 years of systems engineering, operations oversight, and business development expertise to PSS. “We are excited to join forces with such a respected and seasoned team,” he said. “The strategy of the PSS National Security Group is to build a company to solve the challenging problems faced by the Intelligence Community,” said Fred Funk, Senior Vice President, NSG. “GSM fits perfectly into that strategy given its technical expertise in software engineering, data analytics, and mobile development.” (http://www.businesswire.com)

Scalar Decisions Inc. (Canada) agreed to acquire Eosensa Inc. (Canada)
Deal Size: Undisclosed Industry: IT Consulting Date: November 2015
IT solutions integrator Scalar Decisions has reached an agreement to purchase Eosensa, a technology risk management consulting firm. The Toronto-based Scalar says the acquisition “is highly complementary” and, as its third acquisition in less than two years, solidifies Scalar’s position as one of Canada’s larger IT solutions companies. The transaction extends Eosensa’s Risk Advisory offering to 800 Scalar clients in eight offices across Canada, while providing Eosensa’s clients with access to Scalar’s technology architecture, integration, and managed services resources, across the security, infrastructure, and cloud practices. “With the expertise in technology risk management, Scalar will now offer its clients end-to-end technology solutions, from risk and gap assessments to technology recommendations, implementation, integration and ongoing managed services,” said Paul Kerr, president and CEO of Scalar Decisions. “Beyond business synchronicity, the companies share a focus on client service, organizational and cultural values, which are critical for a seamless integration.” Eosensa’s team of 22 full time employees will be integrated immediately and form a new Risk Advisory Practice at Scalar. The group is currently recruiting additional resources in Toronto and other major centres across Canada. “We look forward to bringing Scalar’s technology solutions and coast to coast network to our client base,” said Julius Azarcon, practice leader and co-founder, Eosensa. “We are confident this will be a mutually beneficial and seamless transition for both teams.” (http://www.techvibes.com)

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