Global management consulting firm Oliver Wyman has entered into an agreement to acquire Booz Allen Hamilton’s management consulting business serving the Middle East and North Africa region.
With this acquisition, Booz Allen’s MENA-based management consulting business will join Oliver Wyman’s more than 5,500 professionals worldwide focused on international management and strategy consulting.
“This is a tremendous opportunity for our MENA-based management consulting business and talented workforce to grow in new ways,” said Karen Dahut, Booz Allen’s global defense sector president. “Oliver Wyman provides the management consulting focus, investment, and culture that will allow our people and clients to thrive, while enabling Booz Allen to retain a core focus on serving U.S. government clients at the center of mission and technology.”
Booz Allen’s MENA-based management consulting business will enhance Oliver Wyman’s range of competences and advisory credentials in environmental, social, governance, climate and sustainability.
“The Middle East is one of the most aspirational, ambitious, and exciting markets we support,” said Oliver Wyman President and CEO Nick Studer. “Booz Allen’s experience and expertise will help propel both our firm’s strategic direction but most importantly the path of the clients we serve in this rapidly evolving and dynamic market.”
Booz Allen will continue to serve U.S. government clients requiring support within the MENA region, including in the Kingdom of Saudi Arabia and the United Arab Emirates, and will continue to provide proprietary cyber, defense and security solutions to clients in the MENA region.
Booz Allen Executive Vice President and MENA Managing Director Souheil Moukaddem will join Oliver Wyman’s Management Leadership Council, led by Pedro Oliveira.