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AWK Group acquires TALOS and strengthens its financial services practice

Press release | Zurich, 28 September 2020
The consulting firm, AWK Group, is acquiring TALOS Management Consultants, with branches in Zurich and Luxembourg, thereby expanding its financial services area. This merger creates a strong digital transformation consulting group with revenue of around CHF 90 million. Clients of both companies will benefit from the experience of highly qualified industry experts and their knowledge of international market requirements.
This acquisition enables AWK Group to pursue its growth strategy and focus on developing its financial services practice, expanding its expertise in this area with regulatory and compliance, supply management and cost reduction services. With 30 TALOS employees joining AWK Group, clients in the financial sector can now access a team of 60 industry experts.


AWK Group’s focus is on developing and implementing one-stop digital business models. The consulting firm’s portfolio of services ranges from digital transformation, data analytics and cybersecurity through to IT advisory and managing large-scale transformation projects. TALOS’ management consulting expertise helps its clients not only with implementing regulatory requirements and optimizing business, control and procurement processes, but also supports them with refining and improving business and operating models.

“The financial sector is one of our key target industries, and it is under enormous pressure to change. I’m extremely confident that the complementary expertise of TALOS and the holistic perspective this gives us will enable us to successfully and effectively guide our clients through digital transformation – and, as usual for AWK, with the involvement of fantastic consultants.”

“The financial sector is one of our key target industries, and it is under enormous pressure to change. I’m extremely confident that the complementary expertise of TALOS and the holistic perspective this gives us will enable us to successfully and effectively guide our clients through digital transformation – and, as usual for AWK, with the involvement of fantastic consultants.”

Oliver Vaterlaus,  CEO AWK Group Ltd
“Ongoing digitalisation is blurring the boundaries between management and technology consulting. We are pleased to be able to create added value for our clients as part of an end-to-end process using the newly acquired technology expertise of AWK Group.”

“Ongoing digitalisation is blurring the boundaries between management and technology consulting. We are pleased to be able to create added value for our clients as part of an end-to-end process using the newly acquired technology expertise of AWK Group.”

Philipp Tenbieg, Managing Director TALOS Management Consultants
Since founding the company in 2008, the partners at TALOS Management Consulting have developed it into a successful consulting firm focusing on the European finance sector. By joining forces with AWK Group and its complementary services, they look forward to offering their clients even more comprehensive support. With a partly overlapping and partly new client portfolio, the combined team serve many of the best known companies in the Swiss financial services sector.


Their services will enable AWK Group and TALOS to provide all the necessary professional expertise to successfully implement digitalization projects in the demanding financial sector. The complementary services of the two companies form a solid foundation on which AWK Group can seek to become the preferred consultant in the financial market, both in Switzerland and across Europe.

AWK Group

With more than 330 employees, AWK is one of the largest independent Swiss consulting firms for strategy development, IT and digitalisation. The company has locations across Switzerland in Zurich, Bern, Basel and Lausanne. Its core services include digital strategy and innovation, data analytics and AI, project management and transformation, IT advisory, and cybersecurity and privacy.

TALOS Management Consultants

TALOS is a consulting firm that supports clients within the European financial services industry with the transformation of business models and processes. From its offices in Zurich and Luxembourg, TALOS offers leading banks and insurance companies consulting services focusing on regulatory aspects and compliance as well as supply management and cost reduction. Its experts work with clients on both strategic and operational issues to create future-oriented business models.

Press contact

AWK Group Ltd

Jacqueline Leichsering

Leutschenbachstrasse 45

CH-8050 Zurich


Tel.: +41 79 462 60 52

E-mail: jacqueline.leichsering@awk.ch

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