PwC considers takeover bid for German consultancy firm

ACCOUNTANCY giant PwC is considering a bid for the German management consultancy Roland Berger, according to reports over the weekend.

The Munich-based business is one of Europe’s biggest consultants, generating around €650m (£546m) a year in revenues. Despite its size, it is still run by 250 partners.

Last month the German press reported that rival accountancy firm Deloitte was also lining up a bid for Roland Berger, having already made one unsuccessful takeover attempt in 2010. At the time Deloitte faced strong opposition from Roland Berger partners who wanted to maintain their independence.

The management consultancy industry offers the prospect of faster growth and larger margins than traditional services such as auditing, prompting the big four accountancy firms to takeover more firms.

Earlier this year Deloitte bought US consultancy Monitor, while Ernst & Young snapped up German firm J&M Management Consulting.

Other recent acquisitions include KPMG’s purchase of Brainnet and PwC’s takeover of PRTM Management Consulting.

Roland Berger was established by the eponymous businessman in 1967, who went on to become an adviser to former German chancellor Gerhard Schroder. It now has more than 2,500 employees working in 51 offices around the world.

PwC declined to comment on the takeover speculation, which was first reported in the Financial Times.