Deloitte Middle East strengthens its strategy consulting practice with the acquisition of Monitor Group's ME business

This transaction combines Monitor's highly-influential brand, strong thought leadership and top-notch talent with Deloitte's extraordinary reach, access, and resources to solidify the Deloitte network as a worldwide leader in strategy consulting. Monitor's talent and assets will combine with Deloitte's consulting strategy service lines and operate under the Monitor Deloitte brand, resulting in a new and preeminent global presence that will redefine our industry.

"Our ability to implement the advice we provide has always been a differentiator," said Omar Fahoum, chairman and chief executive officer of Deloitte Middle East. "This acquisition further enhances our ability to serve clients from strategy to execution - helping them solve their most critical challenges and capitalize on opportunities in a dynamic global economy. We are pleased to welcome Monitor's talented professionals to the Deloitte family and are excited about the opportunities that lie ahead in the Middle East."

"We are hugely motivated by the opportunity to serve clients with our newly combined strengths and are delighted to join the Deloitte network," stated Chris Malone, Lead Partner for Monitor Deloitte in the Middle East. "Together we are a powerful force with distinctive capabilities, and are deeply committed to working together with our clients to realize a healthy, productive and prosperous Middle East through deploying our leading-edge capabilities on tough strategic and economic challenges. We will collaborate closely with senior executives to help ensure they have the confidence and the market intelligence to make bold, well-informed choices."

"The world's economy is driving a set of business challenges that are even more complex than we have seen in the past," said Julian Hawkins, Partner in charge for Consulting at Deloitte Middle East. "Together, Monitor and Deloitte in the Middle East will be well-positioned to provide high quality advice to our clients and to help them implement that advice."

The transaction was completed following approval by the competent US courts and authorities on January 11, 2013.