Partners at global consultancy firm Roland
Berger Strategy Consultants have voted against a merger with
Deloitte. The decision comes only days after it was announced the
pair were in advanced stages of talks.
A Roland Berger spokesperson told
the International Accounting Bulletin a vote to
end the merger had been carried at the weekend with a majority of
almost 100% and the firm’s partners were now planning to put more
capital into investment plans.
The decision will put a dent in Deloitte’s
plans to create a global strategic consulting arm with annual
revenue of about $2.8bn.
The merger would have brought together
Deloitte’s strategy, operations and company restructuring
consultancy divisions with Roland Berger’s.
Roland Berger has a total of 2,000 staff in 39
offices worldwide and reported revenue of about €616m ($840m) in
Deloitte in merger talks with Roland Berger