Deloitte completes acquisition of Monitor’s global strategy consulting business

Deloitte has acquired substantially all of the business of Monitor, one of the world's leading strategy consulting firms.

This transaction combines Monitor's highly-influential brand, strong thought leadership and top-notch talent with Deloitte's reach, access, and resources to strengthen the Deloitte network as a worldwide leader in strategy consulting.

Monitor's talent and assets will combine with Deloitte's consulting strategy service lines and operate under the Monitor Deloitte brand, resulting in a new global presence that will redefine our industry, Deloitte said in a statement.

''Our ability to implement the advice we provide has always been a differentiator,'' said Jim Moffatt, chairman and chief executive officer of Deloitte Consulting LLP. ''This acquisition further enhances our ability to serve clients from strategy to execution – helping them solve their most critical challenges and capitalise on opportunities in a dynamic global economy.  We are thrilled to welcome Monitor's talented professionals to the Deloitte family and are excited about the opportunities that lie ahead.''

Roopen Roy, managing director, Consulting, Deloitte in India, said, ''We are pleased to announce Deloitte's acquisition of Monitor group. Monitor is considered one of the leading and highly influential consulting firms globally.  This union will redefine the strategy space and our combined practice will assist our clients to address most critical and complex opportunities and challenges in a dynamic global economy. The association is a step towards reaffirming our leadership in consulting business in India as well as globally.''

''We are very excited by the opportunity to serve clients with our newly combined strengths,'' stated Ambar Chowdhury, Managing Partner, Monitor India. ''Together we are a powerful global forceand are deeply committed to helping our clients create new value and achieve transformational growth.  This is especially true in the Indian market where our combined capabilities will provide our clients with a unique set of services to help them grow their top and bottom lines in an increasingly complex market environment.''

The transaction was completed following approval by the US Bankruptcy Court for the District of Delaware on 11 January 2013.