Moroccan phosphate company OCP has acquired PwC Business Services, a unit of PwC Advisory Morocco, in a deal that solidifies their established partnership.

Financial details of the deal were not divulged.

Walaw has reported that the acquisition enables OCP to bring in-house essential administrative and financial operations previously handled by the subsidiary.

PwC Business Services was set up to deliver tailored, non-regulated support to OCP, covering areas such as IT, accounting, and operational tasks, which have been vital for streamlining OCP’s routine processes.

The unit has exclusively served OCP since its formation, functioning as a dedicated support entity.

OCP, which holds more than 70% of global phosphate rock reserves, mainly in Morocco, is a major player in phosphate and fertiliser production.

In recent years, the company has focused on advancements in technology, sustainability, and agricultural development.

This acquisition supports OCP’s aim to improve efficiency, cut costs, and oversee its internal operations more closely.

For PwC Advisory Morocco, part of the global PwC network, the sale provides an opportunity to concentrate on its primary advisory services.

With the subsidiary now under OCP’s control, PwC Advisory plans to expand its client reach in Morocco and across North Africa.

This transaction highlights OCP’s focus on reinforcing its role in the global phosphate sector while allowing PwC Advisory to grow its consulting activities in the region.

In June 2025, The Wall Street Journal reported that PwC is restructuring its US advisory division, expanding from four to eight segments to better tailor services to specific industries.

PwC will embed managed services into each of its eight revamped US advisory segments, moving away from maintaining them as a separate entity.