KPMG on track to sell German consulting arm

KPMG Deutsche Treuhand-Gesellschaft AG is on track to sell its strategic IT consulting business in the German-speaking region of Europe before the end of June. But the Berlin company remains tight lipped about who the buyer could be.

“When we changed the legal status of the unit from KPMG Consultancy to KPMG Consultancy AG (KCA) in December 2000, we also merged the German, Austrian and Swiss operations into the new company and said we would sell the entire business,” said spokesman Thomas Blees. “Those plans haven’t changed, and we still aim to meet our end-of-June deadline.”

Blees declined to comment on speculation that KPMG could announce a buyer as early as this week.

Unisys Corp., the hardware company based in Blue Bell, Penn., is one of several companies believed to be interested in buying the IT specialist. Frankfurt-based KCA employs around 2,700 consultants in Germany, Austria and Switzerland. In 2001 the company generated revenue of

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Previous article
Next article

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now