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Information technology services industry

EDS and A.T. Kearney Announce Merger Plans

Strategic Insights

— 1 min read

EDS, a leader in the global information services industry, and A.T. Kearney, a leading international management consulting firm, have announced plans to merge their management consulting units. The combined entity would create one of the world's largest management consulting firms, with over 2,300 consulting professionals located in more than 40 countries. The merger would bring together EDS' management consulting unit and A.T. Kearney, with combined revenues of over $500 million in 1994.

Key Takeaways:

  • The merger would create a new EDS-owned management consulting subsidiary under the A.T. Kearney name, with a separate board of directors and headquarters in Chicago.
  • The combined entity would have over 2,300 consulting professionals, with a global presence in more than 40 countries.
  • The merger would bring together EDS' management consulting unit, which had revenues of over $500 million in 1994, and A.T. Kearney, a successful company with 12 consecutive years of double-digit growth.
  • Fred Steingraber, CEO of A.T. Kearney, would become CEO of the merged entity, with Gary Fernandes, EDS Senior Vice President, serving as Chairman of the Board.
  • The new subsidiary would have a powerful combination of business strategy, operations consulting skills, global delivery capability, and industry experience to help clients increase their competitiveness and market share.

Statistics:

  • Combined revenues of EDS' management consulting unit and A.T. Kearney: over $500 million in 1994.
  • Number of consulting professionals in the combined entity: over 2,300.
  • Number of countries with a presence: over 40.
  • EDS' management consulting unit formed in 1993 and grew to over 1,600 consulting and administrative employees.
  • A.T. Kearney founded in 1926 and had about 1,900 consulting and administrative employees in offices throughout the Americas, Europe, Asia, and Australia.
  • EDS reported revenues of $10.05 billion in 1994.

Sources:

  • PR Newswire, "EDS and A.T. Kearney Announce Merger Plans" (June 6, 1995)
  • A.T. Kearney press release, "A.T. Kearney and EDS Announce Merger Plans" (June 6, 1995)
  • EDS website, "About EDS" (no specific date)

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