FCG sells its international development consulting business
FCG Finnish Consulting Group sells its international development consulting business to Canadian Cowater International, a global consulting firm. The contract of sale was signed on 24.11.2023. The completion of the transaction, which is expected to take place before the end of year 2023, is subject to customary closing conditions. Cowater International is a private company focused solely on international development consulting. It works with governments, private sector actors and local communities to strengthen socio-economic development, government institutions, and the sustainable use of natural resources and while promoting equal opportunities for all in development projects all across the globe.
The transaction includes FCG’s development consulting business in all countries where such business is currently conducted. In addition to Finland, FCG’s business in question has offices in Sweden, Germany, Kenya, New Zealand, and Singapore. Employees who have worked in development consulting at FCG in these units will transfer to Cowater International as of completion of the transaction.
“Cowater is delighted to welcome FCG’s development consulting practice and staff to the Cowater family. We see a strong alignment in our desire to create a more sustainable, modernized and inclusive world and believe joining forces with FCG’s development consulting practice will only enable us to serve all of our clients better in this mission.”, says Cowater CEO, David Baron.
“FCG will now focus on the Finnish market and support the public and private sectors in building a more sustainable society. This is a big strategic change for us, and divesting the development consulting business is one clear step in making this change a reality,” says Tommi Kajasoja, CEO of FCG.
“Our development consulting business has found a good home and can now grow as part of an organisation that is fully focused on this sector,” Kajasoja continues.
Rhys McGaw, Director, Business Intelligence and Development, Cowater International. tel. +1 613 722 6434
Tommi Kajasoja, CEO, FCG, requests for interviews via Helena Karioja (tel. +358 40 662 7373)