MMC.L Regulatory News (MMC)

25 Oct 2006 07:02

Management Consulting Group PLC25 October 2006 Management Consulting Group PLC - Acquisition London, 25 October 2006: Management Consulting Group PLC ("MCG" or "theGroup"), the international management consultancy group, today announces that ithas acquired a 51% equity stake in The Salzer Group Asia Pacific Pte Limited("Salzer") from The Salzer Group Limited and EQ Nominees (Jersey) Limited. Atthe date of acquisition Salzer had gross assets of US$400,000. The business willbe known as Salzer Consulting. Salzer Consulting is a broad based consultancy helping clients in starting,managing and restructuring businesses in Asian markets and especially in GreaterChina. Kevin Parry, Chief Executive of MCG, said: "I am very pleased to welcome Salzer Consulting's management and staff to theGroup. By combining MCG's global client base with the depth of Asian marketknowledge and capabilities of Salzer Consulting we are creating a uniqueconsulting offering." Adam Salzer, Chief Executive of Salzer Consulting, said: "We look forward to working with MCG to grow and develop the business. JoiningMCG allows us to bring our knowledge and experience of creating and operatingsuccessful businesses in Greater China and the Asian region to a much widerclient base." Further Information: Management Consulting Group PLCKevin Parry +44 20 7710 5000Roger Amos (MCG Chairman, Asia Pacific) +61 89 139 600Chris Povey +44 20 7710 5000Luke Williams +44 20 7710 5000 MaitlandPeter Ogden +44 20 7379 5151/+44 7811 124197 About Salzer Consulting Salzer Consulting offers a unique cross-border service in high level projectmanagement for investments, start-ups and organisational restructuring inGreater China and the rest of Asia. The offices are strategically located acrossthe region in Hong Kong, Shanghai, Beijing, Tokyo and Sydney, ensuring aseamless operation for large multinational clients. The company's consultantshave backgrounds in senior management roles throughout Asia, Europe andAustralia. Recent assignments have covered a wide range of industries: • Manufacturing (electronic, chemical, power & FMCG) • Resources, mining, precision engineering & infrastructure • Supply chain, distribution & retail • Telecommunications & convergent industries • Finance (private equity, consumer banking & insurance) • IT (hardware, software, system integration & network design) • Media, Internet and content publishers This information is provided by RNS The company news service from the London Stock Exchange