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On 24 September 2007, the members of Eurogroup Consulting Alliance held an executive committee meeting in Brussels where they unanimously welcomed two new members into the Alliance: Magnus, a Dutch consulting firm, and ABC Luxembourg. Background to change
The European network, created by Eurogroup in 2004, is now present in ten countries – Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain – through ten independent consulting firms. “By integrating these two new members, Eurogroup Consulting Alliance has strengthened its expertise in the public, manufacturing, and banking sectors, and added another one - the media”, says Yves Labat, General Delegate of Eurogroup Consulting Alliance. About the new membership Based in Luxembourg, ABC Luxembourg was founded in 1998. Employing 15 consultants, with an annual turnover of 2 million euros, it has established a reputation for managing major projects in the public sector. It also operates within the banking sector. ABC Luxembourg will benefit from the skills and experience of its colleagues in the Alliance, and in the short term aims to share its successful experiences in Luxembourg, particularly in the public sector. This synergy will enable ABC Luxembourg to tackle with confidence the issues of vital interest to our clients and partners, based on a common European platform of skills and experience. “The creation and development of ABC Luxembourg has been based on a logic of partnerships and on the acquisition of know-how,”’ explains Patrice Silverio, co-chairman of ABC Luxembourg. “Joining the Alliance this year was thus a natural move for the company,”’ says Mr. Silverio. From a strategic point of view, he points out two key advantages of being a partner in the Alliance. Firstly, he sees the various members complementing each other in their areas of expertise. “We are particularly looking forward to benefiting from the Alliance’s expertise in the financial sector to gain a stronger foothold in the Luxembourg market for financial services.” adds Patrice Silverio. To date about 80% of revenues have been generated from projects in the public sector where the company has built a leading reputation at the local level as well as state of the art methodologies. “During the first years we worked on projects in the financial sector, but since 2001 we devoted our main resources to the public sector, giving the financial sector a lower priority,” explains Guillaume Nogacki , co-chairman of ABC Luxembourg. In a nutshell, he expects synergies to be achieved by combining the Alliance’s broad sector experience with ABC Luxembourg’s in-house, process-oriented methodologies.”A combination of our knowledge of the local market and the Alliance’s European coverage will give us a distinct advantage,” he adds.
Vision: going beyond the facts “After a period of restructuring and consolidation in 2006/2007, the Alliance is set to enjoy a period of rapid growth between now and 2009,” says Francis Rousseau, the chairman of Eurogroup Consulting Alliance. “This growth will be based on the extension of our geographic coverage in Europe, the development of our practices and the opening up of new sectors of activity, and appropriate country by country mergers, at a local level.” Building on three major sectors – financial services, manufacturing & utilities, and the public sector - this European network of 700 consultants, with a turnover of 130 million euros, almost 6% of which derives from the existence of the Alliance, is continuing its dynamic growth. By mid-2008, Eurogroup Consulting Alliance aims to extend its European coverage to Great Britain and Switzerland. Eurogroup Consulting Alliance Press Release 17.10.2007 |