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Consulting M&A Deals July 2012

by Tony Rice 12. July 2012 12:53

Arcadis NV (Netherlands) has acquired BMG Engineering AG (Switzerland)

Deal Size Range Unknown

Consulting Sector, Engineering / Environmental

It has recently been announced that Arcadis NV, a Netherlands-based provider of engineering consultancy and project management services, has acquired BMG Engineering AG, a Switzerland-based provider of environmental consulting services. Arcadis NV acquired the firm from BMG's management. BMG has generated gross revenues of $9.7 million, net revenues of $8.5 million, and employs approximately 50 members of staff. The acquisition will provide Arcadis with a strong position from which to exploit the potential growth opportunities in the attractive Swiss environmental market. In addition, the company will gain direct access to major multinational clients in the chemical and pharmaceutical fields, which can thereby lead to work outside of Switzerland. Financial terms of the deal were not disclosed.

ThyssenKrupp Uhde (Germany) has acquired Energy & Power Global Ltd (U.K.)

Deal Size Range Unknown

Consulting Sector, Engineering / Oil & Gas 

It has recently been announced that the German engineering firm, ThyssenKrupp, has acquired the Port Talbot-based Energy & Power Global Ltd. The addition of Energy & Power Global will strengthen the German business’ chemical engineering capabilities in the global oil and gas sector. Energy & Power, which is headquartered at Baglan Energy Park, provides engineering services to support project development to clients worldwide in the oil, gas and energy industries. ThyssenKrupp Uhde will benefit from its depth of expertise in this field. Financial terms of the deal were not disclosed.

RPS (U.K.) has acquired Manidis Roberts Pty Ltd. (Australia)

Deal Size Range $30.7 Million

Consulting Sector, Environmental

RPS, the international environmental consultancy, has recently announced the acquisition of the Australian consulting firm Manidis Roberts Pty Ltd (“MR”), for a maximum consideration of $30.7 million. Founded in 1988, MR is an environmental and project management consultancy headquartered in Sydney, with 90 operational members of staff. It has gained a reputation in the industry for its successful delivery of complex infrastructure projects. The fact that these often last several years, and provide long term revenue streams, is of significant value for RPS. MR has particular expertise in the water, transport and power supply sectors: industries that are expected to grow in coming years. MR will build on RPS’s current presence in New South Wales, providing extended skills to their urban planners, water, environmental and cultural heritage specialists and surveyors currently working in the region. For the year ending 30 June 2011, MR posted revenues of $27.8 million and pre-tax profits of $5.9 million.

Science Applications International Corporation (U.S.) has acquired maxIT Healthcare Holdings Inc. (U.S.)

Deal Size Range $473 Million

Consulting Sector, IT Services / Healthcare

In a deal reported to be in the region of $473 million, Science Applications International Corporation (SAIC) have entered into a definitive agreement to acquire maxIT Healthcare Holdings, Inc., a leading healthcare IT consulting firm based in Indiana. maxIT Healthcare is the largest private independent healthcare IT consulting company in North America. It provides a comprehensive range of healthcare IT services and solutions, such as IT strategy, planning and electronic health record implementation and optimization, primarily to commercial hospital groups and other medical delivery organizations. maxIT Healthcare has an extensive commercial customer base and has served more than 600 hospitals, hospital groups, physician practices and accountable care organizations (ACOs) in the U.S. and Canada.  As a result of the deal, maxIT Healthcare’s specialist expertise within commercial hospitals and ambulatory clinics will be combined with SAIC's Vitalize Consulting Solutions (VCS) team (which SAIC acquired in 2011), bringing together some of the best consultants in the commercial healthcare industry. In combining these two companies, the deal thereby creates America’s largest commercial consulting practice in EHR implementation and optimization services.  Following the deal, approximately 1,300 employees from maxIT Healthcare will join SAIC's Health Solutions Business Unit (HSBU). The acquisition is expected to close in August 2012, subject to customary closing conditions. SAIC’s 40,000 employees serve clients in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other Government civil agencies. For the fiscal year ending January 31 2012, it recorded revenues of approximately $10.6 billion.

UNE Partnerships (Australia) has acquired Contracting and Tendering Services (Australia)

Deal Size Range Unknown

Consulting Sector, Procurement

UNE Partnerships, based in New South Wales, Australia, has recently announced the acquisition of Australia’s leading management consulting consortium specializing in procurement and probity – Contracting and Tendering Services. UNE Partnerships is the education training company owned by the University of New England. It currently delivers accredited procurement training to a number of clients, including the Department of Defence. The acquisition, which counts as the firm’s first, is a complementary fit for UNE Partnerships, as both firms have an established history in the design and delivery of procurement education and training. The deal enables UNE Partnerships to be better placed to provide expanded procurement training and consulting services to both the corporate and public sectors in Australia, as well as the opportunity to work overseas. Financial terms of the transaction were not disclosed.

EDTS (U.S.) has acquired Axios Data LLC (U.S.)

Deal Size Range Unknown

Consulting Sector, IT Services 

EDTS, a technology consulting firm specializing in networking, security and managed services support solutions for businesses in the Southeast of America, has recently announced the acquisition of Axios Data LLC, based in Georgia, U.S.A. Following the deal, which became effective immediately, all customers of the former Axios Data will be transferred to EDTS and the Executive Center Office of Axious will transfer all operations to EDTS’s operations center in Augusta, Georgia. EDTS also maintains a second office in Greenville, South Carolina. As part of the transaction, Axios Data’s principal Paul Pelletier will join EDTS as Network & Security Consultant, bringing with him a depth of expertise. With the acquisition completed, the combined team of EDTS will encompass more than 40 I.T. professionals, placing it among the upper tier of Southeastern I.T. firms. The EDTS team serves clients in a broad range of industries, ranging from local to international organizations in sectors such as healthcare, manufacturing, distribution/logistics, professional services, and state and local government. Financial terms of the transaction were not disclosed.

Solving Efeso (France) has acquired Q-Spread (India)

Deal Size Range Unknown

Consulting Sector, Lean Manufacturing

It has recently been announced that the French management consultancy Solving Efeso has acquired the Indian firm Q-Spread for an undisclosed amount. The deal is indicative of Solving Efeso’s ambitions to spread their market influence and strengthen their presence in India. Q-Spread, established in 2002, is a pioneer in bringing world-class improvement methodologies such as Lean Manufacturing, Lean Sigma and “Training Within Industry” to Indian organizations. It specializes in the design and implementation of lean and agile Production Systems, robust Quality Systems and powerful People Systems in manufacturing and service organizations. It comprises a team of seven experienced professionals. As a result of the deal, Rajinder Singh, Q-Spread’s founder, will join Solving Efeso as their new Vice President. The French consultancy’s predominant focus in India will be on serving clients in the manufacturing, retail and process sectors. Currently, Solving Efeso operates from 25 offices worldwide and recorded revenues of $66.4 million in 2011.

RXP Services Limited (Australia) has acquired Stonewell Consulting Services Pty Ltd (Australia) and PL Consulting Limited Hong Kong (Hong Kong)

Deal Size Range $4.2 Million / $0.77 Million

Consulting Sector, IT Consulting

RXP Services Limited (RXP) have recently announced that it has entered into a binding contract to acquire Stonewell Consulting Services Pty Ltd (STC) and PL Consulting Limited Hong Kong (PLC) for both $4.2 million and $0.77 million respectively. The acquired companies are both start-up ICT firms and the deal is in line with RXP’s “growth by acquisition” strategy recently outlined in the company’s business agenda. RXP will benefit from both STC and PLC’s business development capabilities, whilst also providing expert ICT skills in verticals that RXP does not currently operate. The acquisitions are also fundamentally strategic insofar as they solidify RXP’s stable position in the Australian market and extend their market footprint into the Asian market.

Cardno Limited (Australia) has acquired Marshall Miller & Associates (U.S.)

Deal Size Range $31 Million

Consulting Sector, Engineering / Environmental

Cardno Limited, the leading international infrastructure and environment services group, has recently announced the acquisition of Marshall Miller & Associates Inc. (MM&A), a 180-person strong mining, energy and environmental consulting firm based in Bluefield, Virginia, USA. The acquisition could prove financially useful to Cardno: it is expected to contribute around $33 million in revenue and $5.5 million in EBITDA in FY13. Cardno will pay up to $31 million for the purchase of MM&A; around 10% of the sale price is subject to attainment of performance of the next 12 months with an additional 9% of the sale price deferred for 18 months. Cardno will also benefit from Cardno’s significant expertise in mining engineering, mine reserve evaluation, oil and gas exploration, feasibility studies and due diligence services for mining and resource projects. The acquisition of MM&A enables Cardno to offer clients specialist services in greenhouse gas inventorying, carbon sequestration and carbon off-set credit verification. Moreover, MM&A also complements Cardno’s existing expertise in environmental remediation to the private and public sectors. This should make the acquisition a smooth transition. MM&A also looks to benefit from the deal, as it will be in a strong position to gain leverage from Cardno’s existing disciplines, and work in new areas drawing on Cardno’s broad geographic presence, particularly in Australia. In line with Cardno's proven strategy, MM&A's key management will become Cardno shareholders and will remain active in the company, while MM&A will be renamed Cardno MM&A.

Mazik Global Technologies (U.S.) has acquired Atharvan (India)

Deal Size Range Unknown

Consulting Sector, IT Services / Microsoft Dynamics

The IT consulting firm that specializes in Mircosoft Dynamics implementations, virtualization technology and business consultation, MazikGlobal Technologies, have recently announced the completion of their acquisition of Bangalore-based Atharvan, a “Microsoft Gold Certified Partner”. The acquired company provides implementation services for Microsoft Dynamics solutions that kickstart the flow of critical information within businesses, especially manufacturing, retail and supply chain organizations. They have deep experience introducing Microsoft Dynamics AX in India in ways that are regulatory compliant; MazikGlobal Technologies will benefit from this particular market experience, as well as their established influence within this region. Moreover, the addition of Atharvan further enhances MazikGlobal Technologies’ reach and expertise in Microsoft Dynamics on a global scale. During the 2012 fiscal year, Atharvan have displayed consistent growth of over 35% in overall revenue and won more than ten mid to large size clients. It thus constitutes an attractive opportunity for growth. Based in Chicago, Mazik maintains offices and teams across North America, South Africa, the Middle East, India, and Pakistan.

Perficient (U.S.) has acquired Northridge Systems (U.S.)

Deal Size Range $14.4 Million

Consulting Sector, IT Services / Microsoft Sharepoint

Solution provider Perficient has recently acquired Northridge Systems, an Atlanta-based business and technology consulting company, for approximately $14.4 million ($10.6 million in cash and $3.8 million in Perficient common stock). Northridge has particular expertise in building collaboration solutions based on Microsoft SharePoint software. The acquisition is a strategic one on behalf of Perficient, specifically designed to expand Perficient’s presence in the southeastern U.S., particularly in the important Atlanta and Charlotte markets. As a result of the deal, 90 consulting, technology, sales and support professionals will join Perficient from Northridge, including Northridge Co-Founder and CEO Rob Patten, who will join Perficient in a ‘key leadership role’. The deal also enables Northridge to take advantage of Perficient’s unrivalled services in Microsoft systems integration. It is believed the acquisition will be a boost to sales, adding approximately $350 million to Perficient’s annual revenues.

Corinthian Capital (U.S.) acquires Hamilton Group (U.S.) from ShoreView Industries (U.S.)

Deal Size range Unknown

Consulting Sector, Engineering / Oil & Gas

The New York-based private equity firm, Corinthian Capital, has recently acquired the Texas-based Hamilton Group, a consulting and engineering firm focused on the oil and gas industry, for an undisclosed sum. Hamilton Group had been a portfolio company of ShoreView Industries. D.A. Davidson & Co. initiated the transaction, sourced the buyer, led the negotiations and acted as exclusive financial advisor to Hamilton Group. Hamilton Group combines its in-house engineering expertise with the robust technical and project management skills of its consultants to provide innovative engineering, consulting, project management and workforce placement solutions. Moreover, Hamilton Group provides its services to clients in the upstream oil and gas industry throughout all phases of the exploration and production process including drilling, completion and workover, reservoir evaluation and description, and pre-drilling and post-drilling management. Based in Minneapolis, ShoreView Industries manages $ 600 million in private equity funds and invests  invests in established companies with operations in North America, across a wide range of industries. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $ 20 million and $ 300 million.

HDR (U.S.) has acquired DKS Consulting (Australia)

Deal Size Range Unknown

Consulting Sector, Engineering

It has recently been announced that HDR, the global employee-owned engineering and architecture consulting firm, has acquired the business of DKS Consulting Engineers, based in Queensland, Australia. Financial terms of the deal were not disclosed. As a result of the deal, DKS Consulting will now operate under the name HDR|DKS. The deal extends HDR’s market footprint into the Australian market and also deepens its service offering in resource development and public infrastructure. HDR currently employs more than 8,000 professionals around the world. It is headquartered in Omaha, Nebraska in the United States.

Itelligence Business Solutions (U.K.) has acquired Blueprint Management Systems (U.K.)

Deal Size Range Unknown

Consulting Sector, IT Services / SAP

itelligence Business Solutions (UK), Ltd., a subsidiary of itelligence AG, has acquired the business of Blueprint Management Systems, Ltd., a provider of business intelligence and consultancy services. Both the companies are based in the UK. itelligence AG is a Germany-based SAP consulting company. The acquisition provides itelligence Business Solutions with the opportunity to leverage Blueprint Management Systems’ client base. It also enables intelligence Business Solutions to expand its range of services in the areas of business analytics and SAP BusinessObjects, which are currently hot areas of growth in the U.K. Founded in 1993, Blueprint Management currently operates with 60 employees and recorded annual revenues of $13.8 million in 2011. itelligence UK is already one of the most important SAP consulting companies in the UK today, offering a broad range of industry solutions, SAP business analytics and a comprehensive portfolio of services from license sales and consulting through to implementation and hosting. With this acquisition it looks set to strengthen these services. Financial terms of the transaction were not disclosed.

The Publicis Groupe (France) have acquired Communications & Network Consulting AG (Germany)

Deal Size Range Unknown

Consulting Sector, Communications 

Currently the third largest communications group in the world, the Publicis Groupe have recently announced the acquisition of strategic communications consultancy Communications & Network Consulting AG (CNC). As a result of the acquisition, CNC will be merged into part of MSLGROUP, the flagship strategic communications network of Publicis Groupe that employs more than 3,600 people in offices that span 22 countries. Its leadership under CEO Dr. Christoph Walther will remain unchanged in spite of the merger. Headquartered in Munich, Germany, CNC is an international strategic communications consultancy group and the employer of around 100 professionals in 14 offices Europe, Asia, North and South America. Since its founding in 2002, the consultancy has regularly achieved double-digit annual growth. CNC's services range from strategic communications and reputation management to financial communications, crisis counselling including litigation advisory, branding and public affairs. As well as a strong foothold in the German market (in the IPO market, CNC has been the market leader in Germany since 2005), the addition of CNC also provides Publicis Groupe with access to established expertise in the aforementioned areas. Financial terms of the deal were not disclosed.

itelligence AG (Germany) has acquired a majority stake in Elsys (Turkey)

Deal Size Range Unknown

Consulting Sector, IT Services / SAP

itelligence AG, the world’s leading SAP partner for the mid-market, has recently announced its majority investment in Turkish SAP consulting company Elsys, which is based in Istanbul. The majority stake is estimated to be 60%. The investment is indicative of itelligence’s strategic growth strategy, which is focused on international expansion and service improvement. Founded in 2000 Elsys employs approximately 180 members of staff and it recently recorded annual revenues of $13.9 million. With a strong background in SAP Business All in One, especially in relation to the automotive, fast moving consumer goods, retail, textile and pharmaceutical industries, Elsys has proven itself to be the leading SAP consulting firm in Turkey. Elsys's offering comprises the full lifecycle of an SAP solution with license sales, consulting, maintenance and application management services. The addition of Elsys to the itelligence network of companies provides the buyer with not only a new market in Turkey but also a platform for expansion into the Black Sea region and the Middle East. It thus constitutes a bridge between Europe and Asian markets. In 2011, itelligence generated total sales of $414.6 million. Financial terms of the transaction were not disclosed.

Vespa Capital (France) has acquired a controlling stake in Abylsen (France)

Deal Size Range $90.9 Million

Consulting Sector, Operational / Engineering

In a deal believed to be in the region of $90.9 million, European private equity firm Vespa Capital has acquired a controlling stake in the Paris-headquartered engineering and technology consultancy, Abylsen. The company, which advises on operational management and R&D outsourcing, was founded in 2005 and has 659 staff, with subsidiary firm in cities across France and operations in Germany and Belgium. In 2011, the firm recorded revenues of $64 million, up from $19.4 million in 2007. Vespa has acquired a 52% stake in the company, while the management team will retain a 30 per cent stake. The company’s founder will retain the majority of the remaining equity. Banque Populaire Rive de Paris provided a $35.5m debt package to help fund the deal.

Aegis Group (U.K.) has acquired digital marketing assets of WGarden (France)

Deal Size Range Unknown

Consulting Sector, Digital Marketing

It has recently been announced that the holding company Aegis Group have acquired the search and related digital marketing assets of France’s WGarden. Exact financial terms of the transaction were not disclosed but Aegis announced that the asset value of the acquired properties totalled $9.7 million. The deal strengthens Aegis’ already sizeable media presence in France. According to media agency tracker RECMA, the company’s billings there exceed $2.6 billion, which is close to 35% of the market. It is believed that following the deal, WGarden’s assets will be folded into Aegis’ iProspect operation. Aegis also looks set to profit from the extensive network of offices WGarden has established across France, together with their local client bases. The search specialist has done work for clients such as Longchamp, Adecco and Monoprix. The asset integration is expected to be be completed in the third quarter of this year. Founded in 2007, WGarden has established itself as a leading provider of search services in France, with a particular focus on search engine optimization and more recently, it has added capabilities for social media search. The deal is emblematic of Aegis’ desire to expand its digital asset portfolio, a trend for many holding companies.

G4S (U.K.) has acquired Protekt BV (Netherlands)

Deal Size Range Unknown

Consulting Sector, Training / Safety

G4S, the market leader in providing secure solutions, have recently announced the acquisition of Protekt BV, a specialist in safety training and consultancy based in the Netherlands. Here it operates four training facilities. Protekt’s activities will further strengthen G4S’s existing position in safety training and consultancy, with both companies having significant experience of providing customised solutions for safety training. In 2011, Protekt had gross assets of $1.7 million and recorded sales of $5.9 million. G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in more than 125 countries and over 657,000 employees. G4S is the world’s leading secure outsourcing group, specialising in outsourcing of business processes in sectors where security and safety risks are considered a strategic threat. Their reputation has since become damaged due to their failure to provide enough security staff for the London 2012 Olympics. Financial terms of the deal were not disclosed.

Xerox (U.S.) has acquired WDS (U.K.)

Deal Size Range Unknown

Consulting Sector, Telecommunications

Xerox has recently announced that it has signed a definitive agreement to acquire WDS, a U.K. firm that offers technical support, knowledge management and related consulting to the world’s largest wireless telecommunication brands.  Financial terms of the deal were not disclosed. WDS is unique in the way it uses a proprietary cloud-based platform called GlobalMineTM to capture, analyze and manage millions of technical support interactions across thousands of different mobile device types. WDS uses this data to help clients adjust, in real-time, any systemic issues and/or customer experience problems that their end-users may be experiencing with their devices or service. WDS currently operates with over 2,000 employees across offices in the United States, United Kingdom, South Africa, Singapore, Australia and New Zealand. WDS’s broad expertise in the telecommunications industry enhances Xerox’s portfolio of customer care solutions. Through its more than 48,000 call center employees who support clients in 150 locations, Xerox is a leading provider of customer care solutions, handling more than a million consumer interactions every day via the phone and Web. Moreover, with sales approaching $23 billion, Xerox is the world’s leading enterprise for business process and document management. It is headquartered in Norwalk, Connecticut.

Huron Consulting Group (U.S.) has acquired AdamsGrayson (U.S.)

Deal Size Range $31.5 Million

Consulting Sector, Legal

Huron Consulting Group has recently announced that it is acquiring the assets of AdamsGrayson, the Washington D.C.-based legal consultancy for $21.5 million in cash and $10 million in deferred payments. Following the deal, Huron, which has offices in Washington D.C., will absorb roughly 15 AdamsGrayson employees, including the firm's president, Caleb King and its managing partner, Peter Gronvall, as well as the firm's 200-seat document review facility into its legal group, Huron Legal. However, Huron declined to say how many people are employed at AdamsGrayson or whether there are any planned layoffs. The deal is designed to provide huron Legal with a stronger presence serving customers in the vibrant Washington D.C. area, supporting the continued growth of Huron’s business throughout the East Coast. Founded in 2002 by consulting-practice partners from the former Arthur Andersen, Huron Consulting has grown considerably in the last ten years; it now operates with 2,000 employees, with approximately 800 in Chicago. Moreover, revenue has grown to $606.3 million in 2011 from $35.1 million in 2002.

McCann Health (U.S) has acquired Double Helix (U.K)

Deal Size Range Unknown

Consulting Sector, Life Sciences

It has recently been announced that Interpublic Group’s McCann Health has acquired the UK-headquartered healthcare consultancy, Double Helix. Double Helix has built up a reliable client base offering primary market research and market access consulting. The acquisition is designed to strengthen McCann Health’s ambitions to create an attractive brand management platform. The Interpublic Group has already begun the proceedings of integrating the consultancy and the status of naming and branding is currently being reviewed. The founder of Double Helix, Dr. Wayne Phillips, will continue to run the firm as CEO. In addition, McCann Health announced its own rebranding earlier this month, from McCann Healthcare Worldwide to the pithier McCann Health. Five of its six US agencies also rebranded to align more closely with the network. Financial terms of the deal were not disclosed.

United Drug (Ireland) has acquired Watermeadow Medical Consulting (U.K)

Deal Size Range $19.55 Million

Consulting Sector, Healthcare

The Irish healthcare services group United Drug has acquired Watermeadow Medical Consulting for $19.55 million. Watermeadow is a leading healthcare communications and consultancy agency headquartered in the UK and with offices in the US. The company employs 74 members of staff and provides services, such as medical writing and the preparation of promotional and educational materials for a product’s pre-launch, to global pharmaceutical companies. Following the deal, all of Watermeadow’s employees will remain with the business and Watermeadow will be integrated in United Drug’s Sales, Marketing and Medical division. The addition of Watermeadow will enhance the Dublin-headquartered group’s medical communications capability and boost its global offering to its international pharmaceutical manufacturer customers further. It will also diversify its interests away from drug delivery services and the Irish market, thereby extending its market reach. Nearly 70% of United Drug’s annual profits are generated from its businesses outside Ireland and management has previously said it aims to increase that figure to 80% by 2015. The transaction is expected to be immediately accretive to United Drug’s earnings.

PwC (U.S) has acquired Viridis (U.S)

Deal Size Range Unknown

Consulting Sector, Environmental

PwC has recently announced the acquisition of Viridis, an environmental consulting firm that focuses on sustainable practices and environmental strategies for businesses looking to take advantage of environmentally responsible business practices. PwC has acquired all assets of the green consulting firm, which is headquartered in Boston and Washington D.C. As part of the deal, Viridis managing partners George Favaloro and Amy Longsworth will join PwC as managing directors, and the firm’s other eight consultants will also be integrated into PwC operations. The purchase of Viridis is a strategic one on behalf of PwC, designed to boost its green credentials, thereby making it a more attractive consultant to a more sustainably aware market. Fundamentally, it will add value to PwC’s environmental services and enhance the resources and strategic counsel PwC is currently able to provide. PwC’s sustainable business solutions services include developing strategies, finding breakthroughs, and finding ways to drive sustainable practices at the business unit level. Financial terms of the transaction were not disclosed. 

AMEC (U.K) has acquired Serco’S Technical Services (U.K)

Deal Size Range $57.1 Million

Consulting Sector, Engineering

It has recently been announced that the engineering and project management giant AMEC has completed a $57.1 million buy-out of north-west nuclear safety consultancy Serco’s Technical Services (TS). TS employs around 600 people across a number of UK sites and has its headquarters in Risley, Warrington. It provides nuclear safety consultancy and advice to a broad array of clients, including the Ministry of Defence, EDF, Magnox and the Nuclear Decomissioning Authority. Underlying pre-tax earnings for the year to the end of 2011 were around $20.1 million. The acquisition compliments AMEC’s Vision 2015 growth strategy and extends AMEC’s footprint and capabilities in the clean energy market. TS was bought by Hampshire-based Serco in 2001 from AEA Technology Consulting. AMEC said Serco would be integrated into the business during 2012 and is expected to provide a contribution to its earnings in 2013. A team from Manchester law firm Pinsent Masons advised AMEC on the deal.

Prevas AB (Sweden) has signed a letter of intent to acquire Rhemispheres AB (Sweden)

Deal Size Range Unknown

Consulting Sector, IT Services

The Swedish industrial IT consulting services provider, Prevas AB, has recently announced that it has signed a letter of intent (LOI) to acquire Rhemispheres AB, a company that offers advisory IT consulting services to companies and organizations active in the energy sector. This will undoubtedly strengthen Prevas’ newly established Management Consulting business area. Rhemispheres’ expertise is focused on one specific area, namely: how energy impacts companies, cities, organizations and entire infrastructures. EON, Fortum and TetraPak are some of the company’s clients. The company has offices in Stockholm, Gothenburg and Malmö, and has 20 employees. Rhemispheres is a complimentary fit for Prevas, reinforcing the buyer’s presence within the energy market. Possible financial terms of the transaction were not included in the letter of intent. 

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