Price Waterhouse was rebuffed last week in its effort to acquire a minority stake in Origin, the computer services subsidiary of Philips, the Dutch electronics conglomerate.
A joint announcement last Friday said both sides could not agree terms after four months of negotiations. PW’s consulting wing has worked in alliance with Origin for the past year and will continue to do so.
PW proposed the Origin investment after its merger with Coopers was announced.
‘If Coopers was a factor, that would have been evaluated in this round of talks,’ a spokeswoman for the firm said.
Origin UK managing director David Todd added: ‘There would be a certain amount of discontinuity while the merger goes through, but potentially it could work to our advantage. There is some overlap in the area of enterprise resource planning software such as SAP, where we have stronger programming and technical skills.’
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel