Monday, April 15, 2024

Booz Allen Hamilton may split company into business, public sector ops – report

FRANKFURT (Thomson Financial) – US-based consultancy Booz Allen Hamilton will discuss today possible plans to split the company into business and public sector consulting, Financial Times Deutschland reported, citing company sources.

According to estimates, some three quarters of the company’s business come from public sector consulting, and a spin-off of the business consulting operations could help boost profitability, the newspaper said. Edit date and time

A spokeswoman for the company confirmed the company is mulling a move to split the company, but emphasised that the so called ‘operating council’s’ talks today are ‘purely theoretical’.
No decision will be made today, she said.

maria.sheahan@thomson.com

mas/sal

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