PwC Middle East Expands with Emkan Education Acquisition
Deal News | Nov 21, 2024 | Zawya
PwC Middle East has announced its acquisition of Emkan Education, a prominent Saudi consultancy specializing in education and skills development advisory services. The acquisition aligns with Saudi Arabia's Vision 2030, which emphasizes education sector transformation, workforce development, and economic diversification. Emkan Education's team, known for its expertise and leadership in education, will join PwC's Government and Public Sector practice. The inclusion of three notable Saudi female leaders highlights a commitment to enhancing women's contributions to the workforce. This strategic acquisition is expected to bolster PwC's regional capabilities, offering nuanced, locally-informed solutions combined with PwC's global reach. Officially announced in the presence of Saudi Investment authorities, this collaboration is poised to significantly advance educational reforms and national talent development across the kingdom and align with PwC's global mission.
Sectors
- Education and Skills Development
- Consulting and Advisory Services
- Professional Services
Geography
- Saudi Arabia – The acquisition of Emkan Education, a Saudi consultancy, takes place in Saudi Arabia, and aligns with the national Vision 2030 goals.
- Middle East – PwC Middle East and its operations across the Middle Eastern region are central to the expansion and development discussed in the article.
Industry
- Education and Skills Development – This industry is relevant because the article discusses the acquisition of Emkan Education, which specializes in education and skills development advisory services.
- Consulting and Advisory Services – The article highlights the consulting nature of Emkan Education and PwC, focusing on providing advisory solutions in the education sector.
- Professional Services – PwC Middle East operates within the professional services sector, known for its advisory, assurance, and tax services.
Financials
- Not Disclosed – The financial terms of PwC Middle East's acquisition of Emkan Education have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PwC Middle East | Acquiring Company | Company | A leading professional services network with a regional presence, focusing on increasing its capabilities in the education sector. |
| Emkan Education | Target Company | Company | Saudi education consultancy specializing in education and skills development, known for its sector leadership. |
| Dr Mounira Jamjoom | Partner at PwC Middle East | Person | Co-founder of Emkan Education becoming a partner in PwC's Government and Public Sector practice. |
| Sara Zaini | Partner at PwC Middle East | Person | Joining the Government and Public Sector practice at PwC Middle East. |
| Basma Bushnak | Partner at PwC Middle East | Person | CEO of Emkan Education joining PwC Middle East and recognized for contribution to education. |
| His Excellency Eng. Khalid A. Al-Falih | Minister of Investment | Person | Saudi Minister of Investment present during the acquisition announcement, indicative of governmental support. |
| Roland Hancock | PwC Partner | Person | Education & Skills Leader at PwC Middle East responsible for integration of Emkan Education. |
| Hani Ashkar | PwC Middle East Senior Partner | Person | Senior Partner at PwC Middle East, highlighting strategic growth through the acquisition. |
| Riyadh AlNajjar | Middle East Chairman of the Board and KSA Senior Partner at PwC Middle East | Person | Emphasized the acquisition's alignment with Vision 2030. |