ProjectiveGroup, the international consulting firm, has today announced its acquisition of the Dutch management consultancy Mastermind. With this acquisition, ProjectiveGroup increases its annual revenue to approximately € 60 Million and has over 450 experts across 6 European countries.
The partnership, which sees the Dutch firm become a full subsidiary of the larger group, is the latest in a series of acquisitions by ProjectiveGroup as part of its plans for expansion across Europe. Prior to Mastermind, Projective Group acquired DTSQUARED, a London-based data consultancy, in early August of 2021.
Mastermind’s team of 30 consultants will help position ProjectiveGroup in the specialised Dutch pensions market. They bring complimentary experience and an excellent track record in organisational acceleration, strategy, advice, and digital transformation in pensions, insurance and banking in The Netherlands.
Stefan Dierckx, CEO of ProjectiveGroup, said: “Mastermind adds a powerful new piece to the ProjectiveGroup puzzle. Our ambition to become a one-stop-shop for change within the financial services industry in Europe is becoming reality. With Projective, specialists in delivering change and innovation in FS, Exellys, a young tech talent incubator, DTSQUARED, specialists in data consultancy and now Mastermind, our newest business accelerators, we are expanding our portfolio of services. Furthermore, the collaboration with Mastermind enables us to expand our capacity to support large-scale transformation in the Dutch pensions market.”
Knowledge-sharing between the experts at Mastermind and the wider subsidiaries of ProjectiveGroup, provide opportunities for exciting new client journeys, both locally and across borders. The acquisition will lead to an improved service for ProjectiveGroup clients.
By combining the additional skills gained by the acquisition with their existing services, ProjectiveGroup will provide a wide range of management consultancy solutions under one umbrella network.
Koos Haakma, Managing Partner of Mastermind, said: “I’m very excited that we’re joining ProjectiveGroup. Of course, our company’s passion for successful delivery and our results-driven mindset remain, but with the support of the Group we can offer our existing clients more value and broaden our own customer base. This also enables our employees to accelerate their personal growth and grants them access to new areas of expertise. This collaboration will give us a head start to become one of the leading consultancy firms in Europe.”
Mastermind and ProjectiveGroup will initially remain separate entities as Mastermind is a strong brand in the Dutch market with a good reputation for quality and successful delivery. The objective of this new collaboration is to support and make each other better by sharing expertise and work on joint projects.