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Tuesday 03 December 2019

EY UK acquires specialist SAP HANA consultancy

LogoEY UK&I has acquired Oxford-based AgilityWorks, a consulting business which specialises in the deployment of HANA based SAP technology. Terms of the deal were not disclosed.

Founded in 2006, AgilityWorks grew by over 30% last year generating revenue of £16.9m, 90% of which came from UK engagements. Profit before tax for the twelve months to 31st December 2018 more than doubled yoy to £1.2m. The company’s team, which numbered 122 people at the start of this year, will join with the EY UK&I SAP practice and operate as EY AgilityWorks.

AgilityWorks adds materially to EY UK&I’s capabilities in a hot area of the market. Demand for SAP S/4HANA, and therefore by inference its associated consulting services, remains strong. The three months to 31st September saw SAP sign-up over 500 customers for the ERP platform taking the total number of S/4HANA clients over the 12,000 mark, up 25% yoy. Other specialist UK SAP service providers such as Keytree have also experienced rapid expansion in recent years.

This latest acquisition should provide EY UK&I with a much needed top line boost. The Big Four consultancy has been finding growth elusive of late (see here). Its FY19 advisory services sales shrank by 3% yoy to around £630m. Given that this line of business is dominated by the provision of SITS related advice it must be assumed that turnover from this too struggled to make any ground during the last financial year. The firm still has much more to do, however, if it is avoid falling further behind its rivals Deloitte and PwC.

Posted by: Duncan Aitchison

Tags: acquisition   SAP   big+4  

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