March 24, 2009 - PwC Advisory Co., Ltd. today announced that it has reached an agreement in principle to integrate with BearingPoint Co., Ltd. in Japan.
In accordance with the agreement in principle between PricewaterhouseCoopers LLP and BearingPoint, Inc. in the US, BearingPoint Co., Ltd. in Japan will be separated from its US headquarters and will participate in the PricewaterhouseCoopers Network, and has agreed to be integrated with PwC Advisory Co., Ltd.
Due to the management integration, our Deals & Consulting business model taking advantage of PwC global network and BearingPoint's consulting service in Business process and IT field generate synergy effect which enables us to improve our quality of service to clients facing complicated operational challenges.
The two companies are establishing a "Merger Committee" to drive the integration process which we aim to complete by the end of this year. Further details will be announced in due course when they are determined and clarified.
Please refer to here for press release issued by PwC US.