Oliver Wyman buys Innopay to strengthen its consulting capabilities

Oliver Wymana global strategic advisory firm and subsidiary of Marsh McLennan, announces an agreement to acquire Innopay, the leading advisory firm specializing in digital transactions. Innopay will complement Oliver Wyman’s existing payment advisory capabilities. Terms of the transaction, which is expected to close before the end of the first quarter of 2024, were not further detailed.

The services include a complete range of payment transactions

Innopay offers strategy, development and implementation in the areas of digital payments, open finance, digital identity and data exchange. The services include a complete payment offering to help companies and organizations identify and exploit opportunities in the digital world.

Innopay will join Oliver Wyman as a specialist consultancy for the European region of the group. The company will continue to operate in the Netherlands and Germany and maintain its presence in Amsterdam and Frankfurt. Shikko Nijland, CEO of Innopay, will join as Senior Vice President and be part of Oliver Wyman’s payments management team. He reports to both Dr. Stephen Whitehouse, partner in Oliver Wyman’s European payments practice, and Ted Rudholm-Alfvin, partner at Oliver Wyman.

About the transaction, Dr. Stephen Whitehouse, European Payments Partner at Oliver Wyman, commented: “The European payments landscape is undergoing significant change, driven by technological advances, changing consumer preferences and regulatory developments. “The combination of Oliver Wyman and Innopay creates a unique offering that will accelerate the impact of our work and our people as we seek to create value through deep industry knowledge and collaboration.”

Shikko Nijland, CEO of InnopayAdd: “Oliver Wyman’s acquisition of Innopay is evidence of our commitment to growth and innovation. “Their global network and experience will strengthen our ability to offer new solutions to the market, help customers navigate a changing context of digital transactions and provide additional opportunities for our colleagues.”

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