PwC concludes acquisition of Booz & Company
2014-04-04![PwC concludes acquisition of Booz & Company PwC concludes acquisition of Booz & Company](https://varindia.com/public/index.php/storage/news/uploads/2014/04/PWC.jpg)
As per the latest announcement made by PwC, the company has completed the acquisition of Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing terms and conditions of the deal have been met.
Marking this occasion, Booz & Company has changed its name to Strategy& (pronounced Strategy and). This new name, which will be used alongside the PwC name and brand, reflects the strength in strategy consulting that Booz & Company brings to the PwC Network and the benefits this deal will bring to all clients and stakeholders. After a short grace period, Booz & Company can't legally continue to use the Booz name following the change in ownership.
PwC Network, Dennis Nally, Chairman of PricewaterhouseCoopers International, says, "Today signifies an important step for PwC, our clients and stakeholders. Businesses are navigating unprecedented, disruptive threats and organizations increasingly want the right strategy and the ability to execute it. Together, PwC and Strategy& meet this need -- delivering superior value to our clients and stakeholders, attracting premium talent and helping businesses around the world build their capabilities on a global scale.”
PwC Strategy&'s Board of Directors will be chaired by Tony Poulter, a PwC partner and global consulting leader. Cesare Mainardi will be CEO of Strategy&. He has been the CEO of Booz & Company for the past two years.
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