Big Four firm PwC has boosted its SAP practice with its recent acquisition of Avoras, an SAP Gold partner with teams in Europe, Asia, and the United States. The deal is set to close in Q2 of 2023.
Founded in 2017, the Basel, Switzerland headquartered Avoras has grown to a 60-person company with offices based in Switzerland, Portugal, Germany, the United States, Singapore, and Malaysia. The firm provides SAP consulting and implementation services focused on the S/4HANA platform to clients in the pharma and life sciences sectors. While the financial terms of the deal were not disclosed, former company owners Ralph Bäumle, Kris Ammann and Dario Götte will join PwC’s technology consulting division as partners, and all Avoras employees will transfer to PwC upon closing.
“We are thrilled to have such a skilled and experienced team of SAP experts like Avoras join us,” said Andreas Staubli, CEO of PwC in Switzerland. “This transaction will further strengthen our already leading advisory services and provides another massive boost that will help us to serve our customers in a more comprehensive way.”
PwC, a longtime SAP Platinum partner, has a decades-long relationship with SAP, with the Swiss arm of the firm achieving SAP Platinum partner status in 2020. The firm was the recipient of the 2023 SAP Pinnacle Award, Sales Success/Large Enterprise, recognizing its expertise in understanding and fulfilling customer needs with SAP solutions. PwC was also named an SAP Pinnacle Awards 2022 winner in Business Process Intelligence, highlighting its contributions to advancing market development, solution innovation, and customer success utilizing solutions from SAP.
The acquisition of Avoras is the third this year for the Big Four firm, with its two previous transactions also focused on the technology consulting space. In New Zealand, PwC purchased Salesforce strategy consulting firm Be Intelligent, and in the U.K. the firm acquired people technology consultancy People Force. All three transactions reflect a continuous realignment of PwC’s services in response to customer demand, according to Staubli.
With the demand for highly qualified advisory services continuing to grow in spite of unprecedented global disruption, it is likely that PwC will continue to pursue M&A opportunities to cement its position as a top end-to-end provider of advisory services in 2023.