French consultancy firm Magellan Consulting has bought Bel Air Partners Management Consulting as it continues to expand.
Magellan Consulting has been a leading firm for strategic consulting on digital transformation in France since 2008. The company provides services to various sectors, such as banking, insurance, energy, telecommunication, health and even industry.
By acquiring most of the Luxembourgish firm Bel Air Partners Management Consulting’s assets, Magellan Consulting is hoping to strengthen its organisation and management consultancy activities in France and Luxembourg.
Bel Air Partners Management Consulting is a specialist consultancy firm in the banking sector working with French, Luxembourgish and other European actors in the financial sector. As such, this strategic acquisition will allow Magellan Consulting to strengthen its position in the banking and insurance sector in Europe.
With an annual turnover of 2,000,000 in 2015, Bel Air Partners Management Consulting groups together around 20 consultants in France and Luxembourg. The firm carries out strategic and operational reflection missions on the transformation of the European banking sector in regard to regulation changes and digital transformation.
Olivier Gorin, the founder of Bel Air Partners Management Consulting, will remain a stakeholder in the firm as the Managing Director.
