RGP sells Nordic operations to Swedish consultancy Capacent
Management consultancy Resources Global Professionals (RGP) has sold its subsidiary RGP Sweden to Capacent, a Stockholm-based management consulting firm.
The cash transaction, which is slated to close in September, will transfer RGP’s employees, assets, liabilities, contracts, and local client relationships in Sweden, Norway, Iceland, and Denmark.
“We are pleased to transfer our local Nordic operations to Capacent, a well-regarded player in the Nordic market; and we are confident they will continue to provide value to our former clients and create opportunity for our former employees,” Tim Brackney, COO of RGP, said. “RGP will continue to service the needs of our strategic global clients in the Nordics.”
Headquartered in Irvine, California, RGP offers consulting services in business strategy and transformation, finance and accounting, risk and compliance, and technology and digital. Founded in 1996, the company has more than 3,800 professionals across 70 global offices, serving 2,400 clients in a wide range of sectors.
RGP’s European footprint will remain across the UK and Ireland, Belgium, France, Germany, Italy, Luxembourg, Netherlands, and Switzerland.
Capacent made the acquisition as part of its strategy to grow to revenues of 500 million krona ($51.6 million) by 2022. The company has been expanding its services beyond management consulting, launching recruitment arm Capasearch and interim management business Capacify.
RGP’s Nordic operations will strengthen Capacent’s management consulting capabilities, especially in the finance sector, while also helping ramp up its Capacify offering. “RGP has vast experience from finance transformations and expertise within Robotics (Robotics Process Automation), which will be useful in many of Capacent’s offerings,” stated a release from the Swedish consultancy.
Capacent has Swedish offices in Stockholm, Malmo, and Gothenburg, as well as further Nordic offices in Helsinki, Finland and Reykjavik, Iceland. The firm’s 150 consultants work on a wide range of business consulting projects for clients in both the private and public sector.
“The two companies' operations are similar, and we see great synergies in several of our business areas,” Edvard Björkenheim, CEO of Capacent, said. “This is an important acquisition for our Swedish operations.”
