Consultant News
Latest Consulting News Consulting Times
In the News news icon
menu item  Free Psychic Chat No Credit Card
menu item  Accenture
menu item  Arthur D. Little
menu item  A.T. Kearney
menu item  Bain & Company
menu item  BearingPoint
menu item  Booz Allen Hamilton
menu item  Boston Consulting Group
menu item  Capgemini
menu item  CSC
menu item  Deloitte
menu item  Ernst & Young
menu item  IBM GS
menu item  McKinsey
menu item  PA Consulting
menu item  Roland Berger
Consulting Times Editions
menu item
    2009 Archive
    2008 Archive
    2007 Archive
    2006 Archive
    2005 Archive
  EDS CEO Michael Jordan last week said that the company hopes to sell A.T.Kearney by the end of the year.
Consulting-Times E-zine

In an interview with Reuters Jordan said that he expects to spin off A.T. Kearney to its partners, who would seek financing to take the company private.

For the last year the company has strongly denied media and analysts’ speculations that the money-losing consultancy will be sold as part of EDS’ recovering plan.

Jordan ruled out the possibility of selling the business to another company, saying that a straight sale will not work. He said this kind of business, referring to A.T. Kearney, cannot be sold, as it's driven by key people.

The price will be “several hundred million,” he said. Asked whether it could exceed $700 million, he said no.

EDS bought A.T. Kearney in 1995 for about $300 million.

Jordan, a former consultant himself, said he believes the consultancy would flourish if officers owned equity in the firm. He would like to give partners ownership so they can share profits and better align their own interests with the firm.

EDS is also selling “a couple of small things” for $200 million to $250 million, including a European billing service for mobile operators called IOS, which is expected to sell for more than $100 million, Jordan said.
Search news icon
advanced search  

©2003-2011 | | |
Home  |  Contact Us  |  Privacy Policy  |  Terms of Use