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 2009.