Marsh McLennan’s Oliver Wyman Completes Acquisition Of Innopay
March 01, 2024
Contact:
Patricia Romero
T: +44 (0) 7825 193311
E: patricia.romero@oliverwyman.com
London, UK, March 1, 2024 – Oliver Wyman, a global leader in management consulting, and a business of Marsh McLennan (NYSE:MMC) today announced the completion of its acquisition of Innopay. Innopay complements Oliver Wyman’s existing payments consulting capabilities.
Innopay delivers strategy, scheme development, and execution in the domain of digital payments, open finance, digital identity, and data sharing. Their services capture an end-to-end offering in the payments sector to support companies and organisations to identify and seize opportunities in a digital world.
Innopay has joined Oliver Wyman as a specialist consulting business within the group’s European region. It continues to operate in the Netherlands and Germany, maintaining its presence in Amsterdam and Frankfurt. Terms of the transaction were not disclosed.
Commenting on the transaction, Dr. Stephen Whitehouse, Partner and Head of Payments for Europe at Oliver Wyman, said: "The completion of the acquisition of Innopay heralds a considerable enhancement of Oliver Wyman's payments capabilities. We look forward to combining our strengths and collaborating with Innopay, leveraging their expertise to deliver exceptional value and catalyze growth within the payments industry."
Shikko Nijland, CEO, Innopay added: “Oliver Wyman’s acquisition opens up new opportunities for us to expand our reach and deliver impactful solutions to clients. We are excited to be part of a larger organization that shares our values for growth and innovation and are thrilled to officially join forces. Together, we will unlock new value for our clients and colleagues alike.”
About Innopay
Innopay is an international consultancy firm specialized in digital transactions. It helps companies anywhere in the world to harness the full potential of the digital transactions era. The firm does this through a broad range of propositions in the domain of digital payments, open finance, digital identity and data sharing. Innopay’s services capture the entire strategic and operational spectrum of each client’s business, the technology they deploy, and the way they respond to local and international regulations.
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC].
For more information, visit www.oliverwyman.com. Follow Oliver Wyman on X @OliverWyman.
About Marsh McLennan
Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s more than 85,000 colleagues advise clients in over 130 countries. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well being for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, or follow us on LinkedIn and X.