Bonn: KPMG is to acquire German supply chain consulting firm BrainNet for an undisclosed sum.
- Strategic investment gives clients access to enhanced procurement and supply chain management knowledge and resources
- BrainNet brand will continue in short term
- All BrainNet 300 professional staff will join KPMG network
KPMG AG has agreed to acquire consulting firm BrainNet Supply Management Group, which specializes in procurement consulting and supply chain management (SCM).
KPMG says the acquisition will enhance its member firms' capability in designing and optimizing global supply chains and broadens the service offering to support clients across their whole value chain.
The transaction is expected to close later this summer, subject to regulatory approval. Financial terms were not be disclosed.
BrainNet is based in Bonn, and St. Gallen, Switzerland, and KPMG describes it as one of the leading, international consulting firms in supply chain management.
BrainNet serves clients with tailor-made solutions in the areas of research & development, operations, logistics, purchasing and strategic qualification.
"Clients are looking for innovative ways to continually adapt their organisations in response to changing marketplace dynamics. Optimising the supply chain helps to support this transformation and create sustainable value for their business," commented Klaus Becker, CEO in KPMG, Germany.
"We look forward to welcoming the BrainNet team to the KPMG global network," added Mark A. Goodburn, Global Head of Advisory, KPMG International.
"With the acquisition of BrainNet, KPMG will have an even greater depth of knowledge and global footprint to help member firm clients navigate their most complex supply chain challenges and opportunities."
With the transaction, KPMG will create a global Centre of Excellence to provide support for the procurement and supply chain management offering of its member firms, including the BrainNet business.
The Centre will be led by Christian Rast, currently CEO of BrainNet.
Christian Rast added, "We are delighted to be joining a network with KPMG's capabilities and global scope. The combination of our strengths in SCM and procurement creates a market-leading offering to meet the needs of global clients.
"We feel confident that the combination of our strategic and technical expertise along with KPMG's international footprint will greatly enhance our efficiency, innovation and competitive advantage."