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Technique and administration consultancy Oliver Wyman has closed out the yr with an acquisition in its aerospace division. SeaTec Consulting is Oliver Wyman’s second acquisition in aeronautics within the final 12 months, and can strengthen its providing to the aviation and defence sectors.
Based 20 years in the past, SeaTec is a US-based consultancy, but in addition has places of work in Canada and the UK. Since its inception, SeaTec has supplied experience and perception to shoppers on plane acquisitions, engineering, upkeep information, MRO IT programs replacements, operational enchancment, and provide chain options.
SeaTec will be a part of CAVOK, a division of Oliver Wyman, centered on aviation companies. Wanting forward, this can assist CAVOK prolong its technical companies and consulting capabilities within the sector, scaling the enterprise globally. In the meantime, the transfer will present SeaTec with the chance to develop its personal shopper base, by way of Oliver Wyman’s international community.
SeaTec Chairman Tim Rider mentioned, “Our corporations share a robust set of core values together with caring for our prospects and our folks. Becoming a member of the CAVOK crew furthers the SeaTec mission to ship excellence, delight our prospects, and unleash the potential of our folks and our shoppers.”
The transaction is predicted to shut within the first quarter of 2024 – and is Oliver Wyman’s second latest acquisition within the aviation consulting business. On the shut of 2022, Oliver Wyman additionally acquired aerospace and defence administration consulting agencyAvascent, which focuses on the company and personal fairness sectors.
“As a agency with deep experience, Oliver Wyman and our Transportation Follow are excited in regards to the enhanced capabilities to serve our shoppers. This mixed crew will allow Oliver Wyman, CAVOK and SeaTec to proceed to make a major affect in operations, value, reliability and security for the aviation, defence, and transportation industries,” mentioned Brian Prentice, a associate at Oliver Wyman.
With revenue margins tumbling again to Earth, and the planet’s dwindling assets having been over-exploited for many years, a rising variety of entities are being drawn to the burgeoning space market. This presents an enormous alternative for UK companies specifically. Lured by the guarantees of seemingly outlandish tasks, from pharmaceutical corporations establishing a lab on an area station to check cell progress, to semiconductor corporations manufacturing chips in extra-terrestrial factories, virtually one-fifth of funds spent on the house sector since 2015 have gone to UK-based tasks.
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