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June 18, 2012

KPMG acquires global supply management firm

KPMG is to acquire German consulting firm BrainNet Supply Management Group (BrainNet). BrainNet specialises in procurement consulting and supply chain management, offering bespoke solutions in research, development, operations, logistics, purchasing and strategic qualification.

“With the acquisition of BrainNet, KPMG will have an even greater depth of knowledge and global footprint to help member firm clients navigate their most complex supply chain challenges and opportunities,” KPMG global head of advisory Mark Goodburn said.

As a result of the acquisition, KPMG is to set up a Centre of Excellence to provide support for the procurement and supply chain management offering of its member firms.

KPMG said the centre will be led by Christian Rast, the current chief executive of BrainNet.

The financial agreements of the deal can not be revealed and KPMG said all of BrainNet’s staff will be moving over to KPMG.

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