KPMG has acquired global sourcing and advisory firm EquaTerra.
EquaTerra specialises in advisory for finance and accounting, HR, IT, procurement and other business processes. The marriage with KPMG’s business advisory practice will provide clients with a full life-cycle of capabilities, from strategy through to optimisation for companies seeking to reduce costs and improve effectiveness and efficiency.
EquaTerra covers the Americas, Europe and Asia-Pacific with 250 staff that will now join KPMG.
EquaTerra is rated the second leading global outsource adviser by the International Association of Outsourcing Professionals, whereas KPMG is ranked fourth.
KPMG chief executive and chairman John Veihmeyer said the acquisition will help address changing client needs as the outsourcing services market continues to evolve.
“This is part of our strategy of building large-scale transformation capabilities to help organisations as they address the realities of a new global marketplace,” Veihmeyer said.