Ernst & Young Germany acquires J&M Management Consulting AG
Stuttgart, 6 February 2013
The professional services firm Ernst & Young GmBH Wirtschaftsprüfungsgesellschaft (Ernst & Young Germany) has announced the acquisition of Mannheim-based J&M Management Consulting AG, an international consultancy specializing in supply chain management and the optimization of supply chains and operational processes.
- Ernst & Young Germany expands its supply chain advisory portfolio
- Acquisition builds Ernst & Young’s team to 1,400 advisory professionals in Germany, Switzerland and Austria (GSA)
J&M Management Consulting AG has 320 employees across Europe and generated an annual turnover of approximately €50m in 2011; of which around 80% was earned in Germany. The firm will be integrated into Ernst & Young as part of the acquisition, and the J&M brand will be maintained until the end of 2013. Subject to approval by the anti-trust authorities, the integration should be completed by June 2013. The executive board members of J&M Management Consulting AG, the two founders Frank Jenner and Andreas Müller, and Christoph Kilger, will become partners of Ernst & Young Germany.
The acquisition will increase Ernst & Young’s advisory capability to 1,400 professionals in GSA, which currently provides business performance improvement, risk and IT advisory services and generates an annual turnover of €230m.
Markus Schweizer, Ernst & Young Advisory Leader for GSA comments:
“With the acquisition of J&M Management Consulting AG, we have enhanced our position in the important supply chain market which means we can offer our clients and J&M’s existing clients a more comprehensive set of advisory capabilities.”
Georg Graf Waldersee, Managing Partner of Ernst & Young Germany and Managing Partner of GSA adds “In step with our multidisciplinary practice, this addition to our advisory services puts us in a significantly better position to support our clients in optimizing their business models around the globe and along the entire value chain. This is another important step in the strategic expansion of our advisory services and J&M’s people will also be able to tap into Ernst & Young’s global knowledge base, professional development and career opportunities.”
Frank Jenner, Spokesman of the Board of Directors at J&M Management Consulting AG concludes: “Ernst & Young and J&M complement each other perfectly. Together we will be a consulting partner for companies in industry and trade – we have the relevant expertise to cover the entire value chain in all relevant industries, from strategic consulting to IT-enabled implementation.”
Notes to Editors
About J&M Management Consulting
J&M Management Consulting AG supports companies in industry and trade in optimizing their entire supply chain – from product development and sourcing through production and logistics right up to sales and service. J&M consultants combine management consulting with IT competence and industry know how. This makes us strong in transformation and provides a measurable boost to our clients in their operational business. J&M is a multiple award winner in supply chain management (SCM), e.g. as a Hidden Champion. J&M is headquartered in Mannheim. At the end of 2011, the consultancy employed 320 people.
Please visit the following website for additional information: http://www.jnm.com
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This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.