PwC, one of the big four auditors, has acquired Mokum, a European consultancy firm specialising in Oracle applications implementation, managed services and related software.
The deal was signed last Thursday and is expected to be finalised in March, subject to regulatory and independence compliance.
PwC said the acquisition of Mokum, which boasts annual revenues of £16 million, is part of its strategy to embed technology into its services, adding that it will help to meet the increasing demand from clients for technology expertise to support broad business transformation programmes.
The deal will involve around 160 London and Manchester-based Mokum employees joining PwC, including two as partners.
Ashley Unwin, executive board member and head of consulting for PwC UK, said:“From banking to retail, many of our clients are facing major challenges which require them to transform how they do business, and technology is key to this. The acquisition of Mokum is central to us helping companies with this journey.
“The deal complements our current Oracle capability which, combined, will comprise one of the largest Oracle technology practices in Europe. Mokum has a strong market position and brand which will allow us to continue to build our market share and considerably grow our revenues in this highly competitive space.”
Financial details of the deal were not disclosed.