PwC has acquired Schuh & Company, a German company that specialises in the optimisation of product management portfolios in the manufacturing sector.
The deal will see a team of 15 staff join PwC’s Advisory business in Germany, integrated within the Operations practice.
Founded in 1989, Aachen-based Schuh & Company advises clients on how they can optimise their product strategies and lines across the full life cycle. The firm helps cut costs, and adopt simplification and rationalisation to boost efficiency and portfolio effectiveness.
“The addition of Schuh & Company expands our capabilities in the important field of complexity management,” said Stefan Schrauf, Partner and Global Supply Chain Leader at PwC.
He added that PwC will seek to bring Schuh & Company’s deep product management capabilities to clients in a range of sectors, including automotive, mechanical and plant engineering, the process industry, heavy manufacturing, electronics, medical technology, and pharmaceuticals.
Commenting on the joining of forces with the Big Four firm, Schuh & Company founder Günther Schuh said: “We are very happy to join PwC. We have already started to work on several joint projects, and are delighted that they will continue our longstanding collaboration with RWTH Aachen.”
Closing of the deal is planned for the turn of the year. Financial terms have not been disclosed.
Sourced from Consultancy.eu