Oliver Wyman, a global leader in management consulting and a Marsh McLennan (NYSE:MMC) company, today announced the completion of its acquisition of Innopay. Innopay complements Oliver Wyman’s existing payment advisory capabilities.
Innopay delivers strategy, program development and implementation in the areas of digital payments, open finance, digital identity and data exchange. Their services include an end-to-end offering in the payments sector to help companies and organizations identify and capitalize on opportunities in a digital world.
Innopay has joined Oliver Wyman as a specialist consultancy in the group’s European region. The company continues to operate in the Netherlands and Germany and maintains its presence in Amsterdam and Frankfurt. Terms of the transaction were not disclosed.
Dr. Commenting on the transaction, Stephen Whitehouse, Partner and Head of Payments for Europe at Oliver Wyman, said: “Completing the acquisition of Innopay represents a significant improvement in Oliver Wyman’s payments capabilities. We look forward to combining our strengths and working together. “ with Innopay and leverage their expertise to deliver exceptional value and drive growth in the payments industry.”
Shikko Nijland, CEO of Innopay, added: “The acquisition of Oliver Wyman opens up new opportunities for us to expand our reach and provide impactful solutions to our customers. We are excited to be part of a larger organization that shares our values for growth and innovation and are thrilled to officially join forces. Together we will unlock new values for our customers and colleagues.”
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