Deloitte’s Canadian firm said Monday that it has signed a binding agreement to acquire the SAP consulting firm Quattro Integration Group.
Financial terms of the acquisition were not disclosed. The transaction is expected to close later this month.
The acquisition will combine the capabilities and talent of both firms to strengthen Deloitte’s SAP transformation services in the energy and resources sector of the Canadian economy.
“In response to changing market forces, Canadian energy and resource businesses, particularly oil and gas players, must be laser-focused in their efforts to streamline their operations and make themselves even more efficient, agile, and customer-focused,” said Paul Held, managing partner of consulting at Deloitte’s Canadian firm, in a statement. “Our combined Deloitte and Quattro experience and capabilities will allow us to provide our clients with the best SAP and business transformation strategies, processes, tools, guidance and implementation skills as they execute business transformations that help them compete and thrive in a difficult market.”
Quattro Integration Group specializes in new implementations, optimizations, maintenance, support and advisory services to medium and large businesses in the energy and resources sector in Alberta, Canada.
“We take great pride in helping businesses extract the most value from their SAP investment,” said Guillermo Salazar of Quattro Integration Group in a statement. “This integration means that together with Deloitte, we will provide clients with extensive product experience and deep industry knowledge. Our guidance will help clients steward their SAP investment and achieve optimal business outcomes.”
Deloitte’s Corporate Development Office supports Deloitte’s M&A, joint venture and alliances initiatives.
“We are constantly on the look-out for transactions like this one,” said Deloitte partner and corporate development officer Alexandre Baril. “We actively pursue and approach organizations and their leaders who, like Deloitte, want to support their clients as they compete and grow here in Canada and across the globe.”