BrazilHorn & Company buys operations consultancy ConMoto
German management consultancy Horn & Company has acquired ConMoto, adding a team of around 90 consultants to its headcount.
Munich-headquartered ConMoto brings a track record of over 30 years to Horn & Company, and is specialised in providing operations transformation, supply chain and procurement services to clients in the industrial space. Most of its clients are in the automotive, processing industry, consumer goods, aerospace, and mechanical engineering sectors.
“ConMoto adds market-leading experience in operations to Horn & Company,” said Michael Lukarsch, Managing Partner of Horn & Company. “By bringing this together with our expertise in strategy and management consultancy, we can offer our customers an even broader offering along the entire value chain.”
Lukarsch added that the deal also provides Horn & Company with a complementary geographical presence. ConMoto has offices in Munich, Stuttgart, Vienna, St. Gallen, Bratislava and Charlotte (US). Horn & Company currently has several hubs in Germany, as well as offices in Singapore and the United States.
Following closing of the transaction, Horn & Company will have over 250 consultants and a turnover of €74 million, putting more weight to its ambition to become a serious challenger to the larger management consultancies in Germany and the wider DACH region. That ambition is backed by investor Waterland, which hopped on board in 2021.
“I am very pleased that we were able to win ConMoto over to our vision of bringing entrepreneurially like-minded consulting firms together in order to grow together. From the very beginning, our discussions were characterized by mutual trust and the pragmatic and entrepreneurial culture of both companies. We look forward to our future together,” said Christian Horn, Managing Partner of Horn & Company.
ConMoto will in the coming months continue to operate under its own brand, with the aim to fully merge into Horn & Company in 2024.
Earlier this year, Horn & Company also acquired GEM, a Swiss consultancy dedicated to the financial services industry.
