Oliver Wyman agrees to buy Corven.

M2 EQUITYBITES-July 17, 2013-Oliver Wyman agrees to buy Corven(C)2013 M2 COMMUNICATIONS https://www.m2.com

17 July 2013 - US management consulting company Oliver Wyman, part of Marsh & McLennan Companies Inc (NYSE:MMC), said it had inked a final accord to take over UK-based sector player Corven for an undisclosed amount.

The target, which mainly caters to the energy industry, brings complementary know-how, Peter Walsh, head of the buyer's Manufacturing, Transportation & Energy division said, commenting on the deal.

As a result of the takeover, Oliver Wyman will enhance its global footprint in the energy sector, the company said.

It will be able to boost its consulting and advisory services in the energy field, which is a priority area, counting on an expanded team of 40, Oliver Wyman's president Scott McDonald noted.

Corven has locations in London, UK as well as in Houston, Boston and Chicago, US.

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