M&A Deal Summary

IBM Acquires PwC Consulting

On July 30, 2002, IBM acquired business services company PwC Consulting from PricewaterhouseCoopers International for 3.5B USD

Acquisition Highlights
  • This is IBM’s 2nd transaction in the Business Services sector.
  • This is IBM’s 5th largest (disclosed) transaction.
  • This is IBM’s 9th transaction in the United States.

M&A Deal Summary
Date 2002-07-30
Target PwC Consulting
Sector Business Services
Buyer(s) IBM
Sellers(s) PricewaterhouseCoopers International
Deal Type Divestiture
Deal Value 3.5B USD

Target

PwC Consulting

United States
PwC Consulting is a global business consulting and technology services business.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 11 of 198
Sector (Business Services) 2 of 5
Type (Divestiture) 3 of 19
Country (United States) 9 of 142
Year (2002) 3 of 8
Size (of disclosed) 5 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-25 Metamerge Oy

Oslo, Norway

Metamerge is a provider of directory integration software. Metamerge is a privately-held company based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-29 TrelliSoft

Glen Ellyn, Illinois, United States

TrelliSoft, Inc. is a provider of IT storage resource management solutions.

Buy -

Seller(S) 1

SELLER

PricewaterhouseCoopers International

London, United Kingdom
Category Company
Sector Business Services
DESCRIPTION
PWC office building in Katowice, Poland.
PWC office building in Katowice, Poland.

PricewaterhouseCoopers International Limited (PwC) is an international provider of accounting and consulting services. Client offerings include auditing, crisis management, human resources, performance improvement, compliance, transaction and taxation. PwC is based in London with additional offices worldwide.

DEAL STATS #
Overall 1 of 12
Sector (Business Services) 1 of 7
Type (Divestiture) 1 of 12
Country (United States) 1 of 3
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-06 Cybertrust

Herndon, Virginia, United States

Cybertrust provides large enterprises and governments around the world with a suite of security products and services to address their vulnerability detection and prevention, identity management, risk management, and compliance needs.

Sell -
Mergr

Product

Company

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