PwC has beefed up its SAP practice with the acquisition of Avoras, a SAP Gold Partner with teams in Europe, the United States, and Asia.
Since its founding in 2017, Basel headquartered Avoras has grown to a size of around 60 employees across offices in Switzerland, Germany, Portugal, the United States, Malaysia and Singapore.
Avoras provides SAP consulting and implementation services centred around the S/4HANA platform, and is dedicated to the clients in the pharma and life sciences sector. As part of the deal, all employees will transfer to PwC.
“We are thrilled to have such a skilled and experienced team of SAP experts like Avoras join us,” said Andreas Staubli, the CEO of PwC in Switzerland. “This transaction will further strengthen our already leading advisory services and provides another massive boost that will help us to serve our customers in a more comprehensive way.”
Globally, PwC is a longtime SAP Platinum partner, with the relationship between the two companies going back over two decades. In Switzerland, the firm attained the SAP Platinum partner status in 2020.
For the Big Four firm, the deal is second this year according to the PwC deals database of Consultancy.org, with both previous transactions similarly geared at the technology consulting space. In New Zealand, the firm acquired a Salesforce partner, and in the United Kingdom, a human capital technology specialist was picked up.
“As a firm, we are continuously aligning our services in response to the demand we’re seeing at customers,” said Staubli.
Financial terms and conditions of the Avoras deal have not been disclosed. Former company owners Ralph Bäumle, Kris Ammann and Dario Götte will join PwC’s technology consulting division as partners.
In other major recent deals in Switzerland’s consulting scene, strategy giant Boston Consulting Group last year acquired Lausanne-headquartered Quantis (250 consultants worldwide), while Swiss-origin global consultancy dss+ this year landed a growth investment from private equity investor Inflexion.
Sourced from Consultancy.eu