London: PwC has acquired Mokum, a UK consultancy specialising in Oracle applications implementation, managed services and related software. The deal was signed last week and is expected to formally complete in March, subject to regulatory and independence compliance. Terms were not disclosed.
PwC says the acquisition is part of a strategy to embed technology into its services and answers the increasing demand from clients for technology expertise to support broad business transformation programmes.
The deal will mean around 160 London and Manchester-based Mokum employees joining PwC, including two as partners.
Ashley Unwin, executive board member and head of consulting for PwC UK, said, "From banking to retail, many of our clients are facing major challenges which require them to transform how they do business, and technology is key to this. The acquisition of Mokum is central to us helping companies with this journey.
"The deal complements our current Oracle capability which, combined, will comprise one of the largest Oracle technology practices in Europe. Mokum has a strong market position and brand which will allow us to continue to build our market share and considerably grow our revenues in this highly competitive space."