Move will help BCG strengthen activities in procurement and operations segment
DUSSELDORF—The Boston Consulting Group (BCG) continues to expand its presence in the procurement and operations segment by taking over Inverto AG, a management consulting firm specializing in procurement and supply chain management. By acquiring the Cologne-based company, BCG further diversifies its range of services for clients in this segment.
"We are very pleased to welcome Inverto to BCG. We will continue driving our business forward by building on our own growth, as well as through specific complementary acquisitions," said Carsten Kratz, senior partner at BCG and head of the German management team. "With their proven technical expertise, and a business model that would appeal to our clients, the team at Inverto is a good fit for BCG."
"The acquisition of Inverto is complementary to our existing range of services in the field of operations and will help BCG quickly expand its offering in this segment," said Christian Greiser, BCG partner and global leader of the Operations practice.
"BCG is an ideal partner for Inverto, particularly at this point in time. The merger opens up great new opportunities for both the firm and all our staff," said Dr. Kiran Mazumdar, managing partner of Inverto. "This partnership presents us with an ideal solution that will enable us to tap into the global market's dynamic growth potential, while simultaneously adding our capabilities to BCG's already extensive range of services."
Market for consulting services in operations is growing
Inverto will continue operating independently as part of BCG. As it pursues new growth strategies within BCG, Inverto's three managing partners will continue to lead day-to-day operations alongside the firm's other managing directors. Inverto currently has 130 employees in Germany, Austria, the UK, and China. Its client base includes multinational corporations, leading small and medium-sized enterprises (SMEs), as well as large private-equity firms.
The strong growth in demand for consulting services in the operations sector is largely due to developments in digitization, increasingly globalized and volatile global markets, and the desire for more efficient yet flexible structures. "Modern management consultancy requires the synergy and cooperation of the brightest minds, as well as the best methods, tools, and data analyses," said Kratz. "This also applies to all areas of expertise that we are involved in – including segments in operations such as procurement and supply chain management. In all these aspects, Inverto is a meaningful addition to our capabilities."
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Inverto was founded 16 years ago by Markus Bergauer, Kiran Mazumdar and Frank Wierlemann with the goal of making client companies more competitive. An international consultancy with 130 employees, Inverto is one of Europe’s leading specialists in strategic procurement and supply chain management. Services range from identifying and assessing the potential for cost reduction through to cross-border operational transformation. More information is available at www.inverto.com.
Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with offices in more than 90 cities in 50 countries.