BearingPoint, a leading global management and technology consulting firm, has announced the acquisition of Levo Consultants, a Paris-based specialist consulting firm that focuses on digital transformation and innovation. The acquisition will allow BearingPoint to expand its digital capabilities and offer its clients a wider range of services in the rapidly evolving digital landscape. The acquisition is subject to regulatory approvals and is expected to close in the next few months.
“Levo Consultants has a proven practice in helping clients in financial services modernize and outperform. The acquisition marks another step in BearingPoint’s ambition to support the growth of our banking and insurance clients, embodied in our Strategy 2025. Once again, we see compelling new value propositions for our clients with the addition of Levo Consultants to the BearingPoint family,” said Kiumars Hamidian, Managing Partner, BearingPoint.
Levo Consultants has areas of expertise in CSR and impact transformation, data and AI, strategy, governance and operational efficiency, finance, risk, and compliance. Levo Consultants has built a reputation for helping clients to digitalize their operations, develop new digital business models, and implement digital technologies. The company has worked with a variety of clients across different industries, including retail, healthcare, and manufacturing.
“The connection between Levo Consultants and BearingPoint is obvious: our know-how and client portfolios complement each other. There is also a cultural and strategic fit. Above all, we desire to move forward together. Our European footprint will certainly benefit from the seniority of Levo’s consultants,” said Axelle Paquer, Regional Leader of BearingPoint France, Belgium, Luxembourg, and Africa.
This acquisition is part of BearingPoint’s ongoing strategy to invest in digital capabilities and expand its offerings in the digital consulting space. The company has been actively expanding its digital capabilities in recent years through a number of strategic partnerships and acquisitions. The addition of Levo Consultants will further strengthen BearingPoint’s position as a leading digital consulting firm.
The news comes in the same week BearingPoint has released a major whitepaper on its vision for the future of consulting in the digital era, positioning itself as a leading player in the fast-changing digital consulting space. The whitepaper is a reflection of the company’s belief that the digital era is having a profound impact on the consulting industry, and that consulting firms will have to adapt to new technologies, new ways of working, and new client needs if they want to succeed in the years ahead.
Scott Crunden, Co-founder and President of Levo Consultants, added, “The integration of the Levo team with BearingPoint will enhance the approach we have developed by leveraging their reputation and capacities as a large consulting firm. We are writing a new chapter together, and it will allow our customers and employees to measure the benefits.”
With the addition of Levo Consultants to its already extensive list of services, BearingPoint will be able to offer a wider range of services and become a dominant player in the rapidly evolving digital consulting market.