Latest Moorhouse Consulting News
Mar 19, 2018
Quality assurance provider SQS is widening its transformation capabilities through the acquisition of UK-based Moorhouse Consulting. Headquartered in Germany, SQS focuses primarily on supporting the software product lifecycle in the digital arena. Through the addition of business change specialists Moorhouse, which employs some 140 staff in London, the intent is to create a consulting capability which converges the digital and physical worlds, providing assurance across products and processes, from design to physical build. The move comes hot on the heels of the announcement just six weeks ago of the impending merger of SQS with engineering and R&D services company Assystem Technologies ( see here ). This somewhat leftfield play is being made for similar reasons, albeit that here the digital and physical arenas converge around IoT driven change. The addition of Moorhouse to the portfolio extends the reach from shop floor to boardroom and into the wider strategic business change agenda. This is the second consulting acquisition to be made by SQS in the last six months. Last September it bought Italy-based Double Consulting ( see here ) to bolster both its digital change capabilities and its European footprint. Terms of the latest deal have not been declared, however Moorhouse generated revenues of c.£22m in 2017. These are interesting times for SQS. Its performance through the first half of last year ( see here ) pointed to the need to address the impact of digital which was altering its business mix, but not adding significant revenues. The subsequent string of mergers and acquisitions appears to have placed it in a significantly stronger competitive position going forward. Time will tell whether these newly assembled capabilities translate into growth greater than the sum of the parts.