Archery Strategy Consulting has appointed Johannes Schilling as the new leader of its German business.
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Dutch management consultancy firm FiSer Consulting has expanded into Germany, launching its first international office in Frankfurt.
Accenture has acquired ON Service Group, enhancing its business process services capabilities in the insurance sector.
FTI Consulting has beefed up its Cybersecurity practice in Germany with senior practitioners Hans-Peter Fischer and Frank Damm.
Roland Berger has strengthened its restructuring and performance improvement capabilities in home market Germany with the time hire of Candidus, a 13-strong consultancy from Munich.
International consulting firm Humatica has launched a new office in Munich, the firm’s second in the German-speaking DACH region and fourth worldwide.
Global strategy and management consulting firm Oliver Wyman has appointed a new office leader for its Munich office: Roman Daffner.
International consulting group Eraneos Group has closed its first merger since its rebranded inception, welcoming DCP and subsidiary W21 to its ranks in Germany.
European procurement and supply chain consultancy Inverto is doubling down on its German ambitions, simultaneously opening two new offices.
Strategy& has welcomed a new partner to its team in Germany, with Miriam Kröger joining the firm’s Hamburg office.
Capgemini announced today that it has entered into a share purchase agreement (SPA) to acquire Braincourt, a specialist in business intelligence and data science services. The acquisition will enhance Capgemini’s in demand data and analytics capabilities in Germany and Northern Europe. The transaction is expected to be completed in the coming days.
After a decline in the Covid-19 year 2020, the consulting market is recovering. The 20 largest management consultancies headquartered in Germany achieved average sales growth of 16.6 percent in the 2021 financial year.
It’s consolidation time in the freelancer marketplace industry. French startup Malt is acquiring Comatch, a competing marketplace focused on consultants and industry experts. Comatch originally started in Germany, which means that Malt is also doubling down on the German market with this acquisition. Terms of the deal are undisclosed, but it involves a mix of equity and cash.
German multinational software firm SAP is set to acquire a majority stake of capital management fintech Taulia.
AlixPartners, the global consulting firm, announced today the promotion of 15 individuals to the role of Managing Director, effective January 1, 2022.
Global executive search firm H.I. Executive Consulting (HIEC) has welcomed Stephan Tils to its team in Germany.
Europe’s largest economy is particularly vulnerable to shortages of key parts and raw materials because of its dependence on exports.
FRANKFURT — In Germany, where one in four jobs depends on exports, the crisis gumming up the world’s supply chains is weighing heavily on the economy, which is Europe’s largest and a linchpin to global commerce.
Recent surveys and data point to a sharp slowdown of the German manufacturing powerhouse, and economists have begun to predict a “bottleneck recession.”
Almost everything that German factories need to operate is in short supply, not just computer chips but also plywood, copper, aluminium, plastics and raw materials like cobalt, lithium, nickel and graphite, which are crucial ingredients of electric car batteries.
The auto industry has been hit the hardest. Opel, a unit of Stellantis, the company that owns Jeep and Fiat, said in September that it would shut down a factory in Eisenach until next year because of a shortage of semiconductors. The plant’s 1,300 workers will be furloughed.
More than 40 percent of German companies said they had lost sales because of supply problems in an August survey by the Association of German Chambers of Industry and Commerce. Europewide, exports would have been 7 percent higher in the first six months of the year if not for supply bottlenecks, according to the European Central Bank.
While every economy in the world is suffering from shortages, Germany is particularly sensitive because of its dependence on manufacturing and trade. Nearly half of Germany’s economic output depends on exports of cars, machine tools and other goods, compared with only 12 percent in the United States.
Because Germany is a nation of factories, “the impact is dramatic,” said Oliver Knapp, a senior partner at Roland Berger, a Munich-based consultancy.
The country is also facing a period of political uncertainty. Elections last month left no party with a clear majority, and there is a risk that whatever coalition government emerges will lack enough cohesion to act decisively.
A study conducted by a German consultancy firm, Roland Berger, has revealed that the United States (U.S.) tops the list of the main cybercrime targets worldwide followed by UK, Germany, South Africa, Brazil.
The launch of the newly formed Thermal Management Solutions Group aims to take advantage of global growth opportunities in the electrified vehicles segment. Thermal Management Solutions Group provides players in the automotive landscape with powertrain thermal management systems and solutions.
Apple will make Munich its European Silicon Design Center, adding hundreds of new employees and a new state-of-the-art facility focused on connectivity and wireless technologies.