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Booz and AT Kearney in talks to merge

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CIOL Bureau
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CALIFORNIA: Consultancy firms Booz & Co and AT Kearney are discussing merging their companies to form the world's third largest consultancy, the Financial Times said, citing people close to the situation.

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No decision had yet been made on the merger and discussions could yet fall apart, people told the newspaper.

Also, any deal would need to win the approval of the partners of the two firms, the paper said.

AT Kearney had clocked $786 million in revenue last year, down from about $900 million the previous year.

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The firm has 2,700 employees, of which about 240 are partners, in 37 countries worldwide, the paper said.

Booz, which had revenues of about $1 billion last year, has 3,300 staff and about 200 partners in 33 countries.

The combined entity would be third behind consultancy firm McKinsey and the Boston Consulting Group, according to the paper.

AT Kearney and Booz declined to comment to the Financial Times. Neither could immediately be reached for comment by Reuters outside regular U.S. business hours.

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