The merger and the subsequent integration of P5 Group into Q_PERIOR Group will commence immediately. The merger, under the joint Q_PERIOR brand, will take place on January 1, 2018. Q_PERIOR’s revenues from the combined banking services will grow to 40 million Euro. The new market force strives for sustainable competitiveness proofing by combining their customer bases, topics and employees. Through the merger, the Q_PERIOR Group will continue its exceptional growth: With revenues of 131 million Euro in 2016, the Q_PERIOR Group reported strong growth of 26 percent. In 2016, the P5group generated 27 million Swiss francs of revenue – their most successful financial year since inception. With almost 1,000 employees Q_PERIOR now sits within the top five independent consultancies in the German speaking market.
The partners after signing the contract: f.l.t.r. Karsten Höppner, Raimondo Costa, Marcel Stacher, Roger Schmid, Stefan Hasler, Stephan Marchner, Markus Jüde, Armando Chiodi, Hasan Tekin
With virtually no overlap between the two companies’ existing client bases, the portfolio for management and IT consulting is perfectly complemented. “Our customers, present and future, will benefit from enhanced banking management consulting services and extension of SAP Banking implementation expertise. All contacts with existing customers will remain unchanged,” emphasizes Karsten Höppner, CEO of Q_PERIOR Group. For Markus Jüde, CEO of P5group, the merger is fortuitous: “Seldom do two companies fit so perfectly together in terms of their culture and offering. Both companies have proven in recent years that the requisite trust can be created and sustainable success achieved through reliability and great commitment in the financial and insurance market.”
Both CEOs would like to see the merger as a clear signal for the recruiting market: The search for top talent to foster and extend the existing team remains a top priority.