Global audit, tax and advisory business KPMG has agreed terms for the acquisition of BrainNet Supply Management Group, a Swiss firm providing supply chain management consultancy services.
The purchase is expected to enhance the buyer’s member firms’ existing capability in global supply chain design and optimisation capabilities while simultaneously enabling the firm to offer a wider range of services. Source: Zephyr
Mark Goodburn, global head of advisory at Netherlands-based KPMG said: “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.”
Christian Rast, chief executive of BrainNet continued: “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.”
KPMG is making the acquisition through its German division. BrainNet is based in St. Gallen and according to its website, is an international leader in the supply chain management consultancy sector. The company employs around 300 people and has more than 500 customers worldwide, including over 100 Fortune 500 companies.