Oliver Wyman to Acquire INNOPAY
Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced on 9 February that it has reached an agreement to buy INNOPAY. INNOPAY, headquartered in the Netherlands, will complement Oliver Wyman’s existing payments consulting capabilities. The details of the deal, which is anticipated to close by the end of 2024's first quarter, were not made public.
INNOPAY will join Oliver Wyman as a specialist consulting business within the group’s European region. It will keep up its operations in Germany and the Netherlands, staying put in Amsterdam and Frankfurt. In addition to Dr Stephen Whitehouse, Partner and Head of Payments, Europe, Oliver Wyman, and Ted Rudholm-Alfvin, Partner, Oliver Wyman, Shikko Nijland, CEO of INNOPAY, will join the company as Senior Vice President and become a member of the payments leadership team.
Dr. Stephen Whitehouse, Partner and Head of Payments, Europe, Oliver Wyman, commented on the deal, saying: "Technological advancements, shifting consumer preferences, and regulatory developments are driving significant transformation in the European payments landscape." Combining Oliver Wyman with INNOPAY results in a special offering that will boost the effect of our workforce and efforts as we seek to unlock value via cooperation and in-depth market knowledge.
Shikko Nijland, CEO, INNOPAY: "Oliver Wyman’s acquisition of INNOPAY is a testament to our commitment to growth and innovation. Its global network and expertise will reinforce our ability to provide market-leading and exciting new opportunities, helping clients navigate the evolving landscape of digital transactions and providing additional opportunities for our colleagues."