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Oliver Wyman to acquire A&D management consulting firm Avascent 

Oliver Wyman has consolidated its position across the strategic defence and aerospace sectors by entering into agreement to acquire Avascent, the leading consultancy in government-driven industries.


Founded in 2007, following a management buy-out of the firm DFI International, Avascent is mainly centred on the corporate and private equity sectors, currently framing solutions in defence & security, aerospace, infrastructure & energy, and government technology. With offices based in the US, Canada, France and the UK, Avascent has cultivated a large network of senior advisors and clients — the firm has announced that after the acquisition, a team of 130 industry professionals including 10 partners will join Oliver Wyman’s Transportation Services and Private Capital practices.


Oliver Wyman’s Aerospace and Defence practice currently comprises 10 partners focused on the commercial aviation, defence, and thriving digital services sector. In the past, the firm had assisted governments and defence agencies in leveraging new technologies like machine learning, artificial intelligence and drones to increase national security.


Underpinned by rigorous, fact-based analysis, Avascent’s solutions are driven by the crucial importance of data and analytics in the defence industry — “The company also has a similar focus built on deep industry expertise, analytics, impact and collaboration”, declared Nick Studer, President and CEO at Oliver Wyman. While Avascent will complement Oliver Wyman’s expertise, the latter will allow the defence firm to scale its operations and expansion, notably through the opening of its new office in Berlin this year.


In a global context of numerous challenges linked to an unforeseen and rapidly propagating pandemic, developing technologies, vulnerable supply chains and tense international relations, this transaction reaffirms the importance of aerospace and defence (A&D) consulting services.


With this deal expecting to close by the end of 2022, the terms of the transaction are yet to be disclosed.

Analyst: Augustin Dubois

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