Projective Group has boosted its presence in the DACH region with the acquisition of Thede Consulting, a 45-person management consulting firm specialised in payments and digital transformation.
Established over 30 years ago, Thede Consulting helps banks, payment service providers and other players that rely on a payments infrastructure with optimizing and innovating their payments chain, from strategy through to execution. The firm is recognized for its expertise in the field, serving clients in Germany, Switzerland, and beyond.
Thede Consulting also has expertise in digital transformation, operational excellence, business model re-design, and technology implementation.
Projective Group doubles in DACH with addition of Thede Consulting
As part of the deal, Thede Consulting will join forces with Projective Group’s DACH business, lifting the regional team to over 100 staff across locations in Frankfurt, Munich, Hamburg, and Zurich.
At a group level, Projective Group now has over 1,200 staff across Europe, with revenues at roughly €150 million.
“Thede Consulting’s expertise in payments strategy will be crucial as we work together to deliver tailored solutions in the payments sector. With the rapidly evolving payments landscape, increasing regulatory demands, and the rise of digital and real-time payment solutions, Thede Consulting joining Projective Group couldn’t be timelier,” said Stefan Dierckx, CEO of Projective Group.
Meanwhile, for Thede Consulting, the integration into the much larger group – and a recognized Payments practice – will enable the team to make more impact at clients. “Joining Projective Group broadens the range and quality of services offered to clients, as we can now cover the entire value chain, delivering true end-to-end solutions,” said Andre Standke, Managing Partner of Thede Consulting.
“It also enhances the capacity to manage larger and more complex projects, with a European reach.”
“Moreover, their culture with its people-first approach aligns perfectly with our values. As part of the group, we are convinced that we will create significant value for our clients and employees – truly an ideal match.”
As part of the deal, Standke and the three other managing partners of Thede Consulting – Jens Hegeler, Carlos Nasher and Eike Maybaum – have been appointed as equity partners at Projective Group.
The acquisition is Projective Group’s seventh since 2020, with deals concentrated around Western Europe.
Sourced from Consultancy.eu