The partners of global consultancy Booz & Co. have agreed to the company’s proposed merger with PwC.

A preliminary merger agreement was reached in October 2013, and now that it has been formally agreed on, the transaction is expected to be completed by March 2014.

The branding for the combined business, under the PwC umbrella, is still to be jointly determined and will be announced in the coming months.

Booze & Co has 3,000 staff in 57 offices worldwide. In 2012, it reported about $1.4bn in revenues.

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