Solucom, a French management and IT consulting firm, has acquired Hudson & Yorke, a consulting firm based in London. The deal will be financed entirely in cash. Further terms of the agreement were not disclosed.
Founded in 2006, Hudson & Yorke is a specialist management consultancy focused on strategic ICT advisory. Its offering includes support to clients conducting large-scale ICT sourcing programmes in the UK, Europe or globally.
The firm’s client portfolio comprises several international brands such as Barclays, BP and Zurich, as well as the Department of Energy & Climate Change.
For the current fiscal year (ending 31 March 2015), Hudson & Yorke is expecting turnover over £3.5m (roughly €4.7m) and a double-digit operating margin.
The acquisition of Hudson & Yorke offers Solucom the two-fold opportunity of gaining a foothold in a key consulting market and strengthening its client portfolio with the addition of blue chip multinationals. The merger will also enable Solucom to provide its French clients with better advice for their UK-based operations.
Commenting on the operation, Solucom Chairman, Pascal Imbert said: “The UK, and especially London, is a key market in the consulting industry. We were attracted both by the reach and standing of the Hudson & Yorke brand and the firm’s very high value-added positioning in this market. We are now eager to begin working with the Hudson & Yorke team; a collaboration which will enable us to seize some tremendous opportunities”.
Hudson & Yorke’s founding directors, Harry McDermott and Mike Newlove, will continue to lead the Hudson & Yorke business and will join the Executive Committee of Solucom.
France, Paris & UK, London