KPMG Australia has signed an agreement to acquire the business of Think180. The deal will add Think180’s team of over 30 people to KPMG’s existing SAP team, expanding the firm’s deep capabilities in work execution, asset management, regulatory compliance, analytics, managed services and migrations and integrations.
Announcing the acquisition, KPMG Australia CEO, Andrew Yates, commented: “SAP is a world leader in business technology and KPMG is investing heavily in growing our offerings in this space. By combining KPMG’s capabilities alongside Think180’s, we are creating one of the leading SAP Intelligent and Enterprise Asset Management specialist teams in Australia. This acquisition underlines the firm’s commitment to technology transformation capability and merging expert capabilities with a ‘whole of business’ mindset to support our clients.”
Founded in 2007, Think180 works with energy, mining, and construction clients across Australia. The Think180 team has extensive experience in transforming business processes and helping large organisations use SAP technology to drive new insights, new thinking and improving investment in asset management.
Think180 CEO John Schultz said: “Having built a long history delivering SAP solutions that transform business processes, realise more from existing SAP investments, and utilise the latest technologies – joining KPMG represents a unique opportunity for us to ‘level up’ and expand our reach and impact. KPMG shares our ambition to create a world-leading SAP solutions business right here in Australia. By merging our teams and linking in with the depth and breadth of business, technology and compliance expertise within KPMG – we are taking a massive step on this journey.”
Think180 co-founders John Schultz and Stephen Silver will join KPMG as Partners, with their co-founder Peter Butler to join as a Principal Director. They will bring with them teams located across Adelaide, Brisbane, Sydney and Melbourne, and will become part of KPMG’s existing SAP technology team, headed by Partner, Pauline Doherty.
Pauline Doherty added: “The acquisition of Think180 reflects KPMG’s commitment to providing industry leading SAP services to meet the needs of the Australian market. Think180 has already established itself as a leading player in the assets and works space. We are excited to add their expertise to our existing team and further enhance KPMG’s unique, business-oriented approach to SAP implementations.”
The Think180 business will become part of KPMG later this year, subject to successful completion of the acquisition. Commercial terms were not disclosed.