Hitachi Consulting, which specializes in IT services and management consulting, said that it had completed the acquisition of the 45-strong Maryland-based Prizim for an undisclosed sum, providing the company with an enhanced portfolio of environmental assessment and auditing, sustainability training and consulting services.
"We are seeing an exciting trend where more companies are recognizing that sustainability can be a business driver to increased revenue, improved operating margins and recurring cost savings," said Todd Price, senior vice president of Hitachi Consulting's Environmental Sustainability Solutions practice in a statement.
"Our Environmental Sustainability practice has already gained momentum and industry recognition. Now with the addition of Prizim's capabilities, intellectual property and the outstanding pedigree of the team, Hitachi Consulting can rapidly meet our client's growing demand for sustainability services."
The company added that Prizim would also provide Hitachi with a route into a wide range of clients, particularly in the public sector, while supporting the technology giant's companywide social innovation and smart cities initiatives.
"The acquisition of Prizim is an important step in the execution of our strategy for serving the public sector," said John Bush, senior vice president of Hitachi Consulting's U.S. public sector practice, in a statement.
"Both federal civilian and defense agencies are making sustainability an essential component of their mission and operations. Prizim's federal government experience, combined with Hitachi Group's solutions for energy, water and infrastructure, provides outstanding value for the government's sustainability agenda."
The company confirmed that following the acquisition Frank Priznar, founder and chief executive of Prizim, will take up a role as a Hitachi Consulting senior vice president and senior sustainability executive.
The deal is the latest in a string of acquisitions in the consultancy space that looks set to continue as the market consolidates and global consultancy firms look to beef up their green practices.
This article originally appeared at BusinessGreen.com and is reprinted with permission.
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