DUBAI, UAE and MCLEAN, Va., Sept. 1, 2022 /PRNewswire/ — Oliver Wyman, a worldwide administration consulting business and a business of Marsh McLennan ( NYSE: MMC), these days declared the completion of the acquisition of Booz Allen Hamilton’s ( NYSE: BAH) method consulting organization serving the Middle East and North Africa (MENA). The economical conditions of the agreement were not disclosed.
The offer, accepted by area levels of competition authorities, bolsters Oliver Wyman’s hallmark sector expertise across economical providers, electricity, the public sector and much more, while deepening its capabilities and providers throughout cyber, local weather and sustainability.
“One of the most sizeable acquisitions for Oliver Wyman Group in the previous 10 a long time, this shift expands Oliver Wyman’s abilities to deal with the concerns and options most significant to our purchasers. By way of this blend we will proceed our relentless pursuit of impact that issues most,” commented Pedro Oliveira, Managing Spouse – Oliver Wyman, India Center East & Africa (IMEA).
Oliveira provides: “We have been delighted at the tremendously warm reception our mutual clients have supplied given that our announcement to combine teams, in favour of what we will be ready to reach with each other, at scale.”
“Combining Booz Allen’s highly regarded regional legacy with Oliver Wyman’s deep sector insights and experience, we are delighted to add to Oliver Wyman’s thrilling expansion trajectory in the location,” commented Souheil Moukaddem, Associate at Oliver Wyman and former Partner and Running Director for Booz Allen Hamilton MENA. “With Oliver Wyman’s monitor file of good results throughout IMEA, our blended groups are assured that with each other we can accelerate expansion, for our consumers as nicely as our business. Jointly we will attain the amazing.”
Booz Allen’s MENA-dependent administration consulting exercise will join personnel in Oliver Wyman’s UAE and KSA offices, incorporating to a world-wide group of a lot more than 5,700 Oliver Wyman workforce with 70+ offices in 30 nations.
About Oliver Wyman
Oliver Wyman is a world leader in administration consulting. With workplaces in extra than 70 metropolitan areas across 30 international locations, Oliver Wyman combines deep business expertise with specialized expertise in technique, functions, risk management, and organization transformation. The organization has additional than 5,700 professionals all over the earth who function with consumers to optimize their enterprise, improve their operations and possibility profile, and speed up their organizational overall performance to seize the most appealing options. Oliver Wyman is a enterprise of Marsh McLennan [ NYSE: MMC]. For extra information and facts, check out www.oliverwyman.com. Stick to Oliver Wyman on Twitter @OliverWyman.
About Booz Allen Hamilton
For additional than 100 decades, armed forces, government, and small business leaders have turned to Booz Allen Hamilton to fix their most advanced difficulties. As a consulting business with specialists in analytics, digital methods, engineering, and cyber, we support corporations change. We are a vital husband or wife on some of the most innovative programs for governments globally and reliable by its most sensitive businesses. We operate shoulder-to-shoulder with purchasers, using a mission-very first technique to opt for the appropriate system and technology to assistance them notice their vision.
With global headquarters in McLean, Virginia, our organization employs virtually 29,300 persons globally as of March 31, 2022, and experienced revenue of $8.4 billion for the 12 months finished March 31, 2022. To learn a lot more, pay a visit to www.boozallen.com. ( NYSE: BAH)
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