EY Reinforces Italian Mid-Market Position by Acquiring MPS Consulting
Deal News | Nov 12, 2024 | Finance Community IT - 1 Corporate M&A
Ernst & Young (EY), a global leader in professional services including audit, tax, and advisory services, has acquired MPS Consulting, a Milan-based consultancy firm. Founded in 2015, MPS Consulting specializes in management consulting with a focus on continuous improvement for businesses mainly in the manufacturing sector. This strategic acquisition allows EY to strengthen its foothold in the Italian mid-market, complementing its existing services offered by the Financial Accounting & Advisory Services division, which operates across numerous Italian cities. The integration is expected to enhance EY's ability to provide effective solutions to industry challenges. Key figures from both MPS Consulting and EY expressed optimism about the growth prospects and skill enhancement resulting from this merger.
Sectors
- Professional Services
- Management Consulting
- Manufacturing
Geography
- Italy – Both EY and MPS Consulting have significant operations in Italy, and the acquisition specifically aims to strengthen EY's services in the Italian mid-market.
Industry
- Professional Services – EY is a global provider in sectors such as audit, tax, and advisory, and the acquisition of MPS Consulting enhances its consulting offerings.
- Management Consulting – MPS Consulting is specialized in management consulting, focusing on process improvement, which adds to EY's existing advisory services.
- Manufacturing – The consulting focus of MPS Consulting is primarily in the manufacturing sector, making it a significant aspect of this acquisition.
Financials
- Unknown – The acquisition price for MPS Consulting was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EY (Ernst & Young) | Acquirer | Company | A global leader in professional services, specializing in audit, tax, and advisory services. |
| MPS Consulting | Target Company | Company | A Milan-based consultancy firm focused on management consulting, particularly for the manufacturing sector. |
| Paolo Sganzerla | Leader at MPS Consulting | Person | One of the partners at MPS Consulting involved in the acquisition. |
| Francesco Iannice | Leader at MPS Consulting | Person | One of the partners at MPS Consulting involved in the acquisition. |
| Alberto Ascari | Leader at MPS Consulting | Person | One of the partners at MPS Consulting involved in the acquisition. |
| Gianluca Panizzari | Leader at MPS Consulting | Person | One of the partners at MPS Consulting involved in the acquisition. |
| Daniele Giani | Leader at MPS Consulting | Person | One of the partners at MPS Consulting involved in the acquisition. |
| Massimo Meloni | EY Private and Audit Leader | Person | Leader at EY focusing on private clients and audit. |
| Ivan Losio | EY Partner | Person | Leader of EY's Financial Accounting Advisory Services in Italy. |