History

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Worldwide

PricewaterhouseCoopers was created by the merger of two firms - Price Waterhouse and Coopers & Lybrand - each with historical roots going back some 150 years. Set out below are some key milestones in the history of both firms:

 

1849 Samuel Lowell Price sets up business in London.
1854 William Cooper establishes his own practice in London, which seven years later becomes Cooper Brothers.
1865 Price, Holyland and Waterhouse join forces in partnership. In seven years the company's name changes to Price, Waterhouse & Co.
1898 Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and his brother T. Edward Ross form Lybrand, Ross Brothers and Montgomery.
1957 Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada) and Lybrand, Ross Bros & Montgomery (US) merge to form Coopers & Lybrand.
1982 Price Waterhouse World Firm is formed.
1990 Coopers & Lybrand merges with Deloitte Haskins & Sells in a number of countries around the world.
1998 Worldwide merger of Price Waterhouse and Coopers & Lybrand creates PricewaterhouseCoopers.

In Hungary

1989 Price Waterhouse opens its new office in Budapest. Coopers and Lybrand Hungary is formed. Dynasoft Rt., a Hungarian owned company focusing on the implementation of SAP applications is formed.
1997 Coopers & Lybrand Kft. acquires Dynasoft Rt-t., which forms the new Management Consulting Services department.
1998 With the worldwide merger of Price Waterhouse and Coopers & Lybrand PricewaterhouseCoopers Hungary is formed.